this post was submitted on 17 Jul 2023
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The letter says: “We know that high inequality undermines all our social and environmental goals. It corrodes our politics, destroys trust, hamstrings our collective economic prosperity and weakens multilateralism. We also know that without a sharp reduction in inequality, the twin goals of ending poverty and preventing climate breakdown will be in clear conflict.”

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[–] alvvayson 2 points 1 year ago* (last edited 1 year ago) (1 children)

There is a noticeable uptick in the wealth share of the top 1% after 2010, while their share had fallen en been quite stable between 1995 and 2010.

https://equitablegrowth.org/the-distribution-of-wealth-in-the-united-states-and-implications-for-a-net-worth-tax/

[–] MercuryUprising 1 points 1 year ago

Looks like it briefly went down in 1995 and then started climbing around 9/11 and the war boom. Didn't the dot com bubble happen around 1995? I figure that could account for the random downturn.