Report finds wealth of top 1% up $21T, bottom 50% down $900B since 1989

Re:Report finds wealth of top 1% up $21T, bottom 50% down $9... by siculars on Saturday June 15, 2019 @12:01AM (#20188324)

So, like, everyone gets the same return in the market - say 5% S&P500 avg return - and so the total return on more money is more than the return on less money, because math.

1.05x100<1.05x1000

And, of course, we all know those with capital get better returns on everything and access to all opportunities. Hence the rich get richer. But that's life and math. So?

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Re:Report finds wealth of top 1% up $21T, bottom 50% down $9... by ajross on Saturday June 15, 2019 @12:04AM (#20188335)

Those numbers don't match the ones in the article. Or the real world. If the bottom half of society was getting the "same return in the market" (for any definition of market) it wouldn't be poorer than it was in 1980.

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