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micromacrofoot 2 hours ago

the top 1% have nearly as much income as the bottom 80%

https://www.federalreserve.gov/releases/z1/dataviz/dfa/distr...

gruez 2 hours ago | parent [-]

>the top 1% have nearly as much income as the bottom 80%

>link for "Distribution of Household Wealth in the U.S. since 1989"

income =/= wealth

digitaltrees 2 hours ago | parent | next [-]

I don’t think that makes the argument you think it does. Wealth concentration is even more extreme.

porridgeraisin 10 minutes ago | parent | next [-]

Bigger picture truths don't justify smaller picture lies.

gruez an hour ago | parent | prev [-]

The point is that his original claim is either incorrect, or is not supported by the source he cited.

micromacrofoot 2 hours ago | parent | prev [-]

The linked view of the chart is distributed by income percentile, the title is "Wealth by income percentile"

gruez 2 hours ago | parent [-]

>The linked view of the chart is distributed by income percentile, the title is "Wealth by income percentile"

That's still measuring wealth, not income. The correct statement to draw from the chart is that top 1% by income have nearly as much wealth as the bottom 80%.