ObjectivityIncarnate@lemmy.worldtoHousing Bubble 2: Return of the Ugly @lemmy.world•A landlord's work is never done.English
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27 days agoThis means nothing. The gap between the wealthiest and the rest, in other words, the tip of the peak, is constantly rising.
If you pretended everyone who’s poor didn’t exist, and did the calculation with just the middle class and up, the statement about the wealth gap would still be true.
The disparity is not why poor people are poor–it’s a boogeyman.
The correlation between the number of billionaires globally and the prevalence of poverty globally is literally negative.