Rich Indians Own 40% of Wealth in Extreme Inequality Under Modi
Rich Indians Own 40% of Wealth in Extreme Inequality Under Modi
India’s inequality gap has widened sharply under Prime Minister Narendra Modi’s decade in power, with the richest 1% of the population now owning 40% of the country’s wealth, a new study found.
For quality, I think it would be quite sensible to include figures from a few other countries. These findings mean very little when they lack context; we need to know how they compare to other big economies like the US, UK, Germany, Italy, Russia, China (if you can get accurate data on Russia and China), and Japan.
USA top 1% holds 30.6%
Top 10% in the US hold 70% and the bottom 50% hold 1%, that is still pretty gross.
Rich Unitedstatians Own 30% of Wealth in Extreme Inequality
I would love to see how wealth inequality was viewed (so if it was culturally acceptable) and distributed in older Indian governments.
Probably was not much different. My guess is it jumped from like 35% to like 40%. Important thing I see is GDP per capita is growing steadily, wish there was something government was doing to combat equality more, but I don't trust for a second alternative government's would address this either.
me too, this was probably coming for a long time. it didnt just magically get like this.
Richest 1% own that 40%, for everyone’s reference. Rest of the article is pay walled or something, not showing up on my reader.
All according to plan.
Idk about ya'll, but I see no shortage of useful idiots proud to sell themselves out to avoid conflict with the ruling class or their cognitive dissonance.
I genuinely have no hope for this generation.
That's why they're all moving to California!