sc94597 said:
Except it isn't. If you read any novel in the mid to late 1800's you'd discover that 10,000 GBP was what made somebody the richest people in existence in a time when there was much greater inequality than today. That is nothing. The 2 dollar poverty rate is the metric for today's absolute poverty. |
Now you try to damage controll with something irrelevant and ignore inflation. 10,000 gbp could buy you everything this is correct but compare the same amount of money what you could buy today with the same money, 10k british pounds wont buy you even a mordern car these day. Back then 10k pounds would buy you probably an entire factory or mid size company.
The inequality has increased this is a fact. Back then 10% of the world population owned the same amount like 50%, today its 1% from i can remember.
