Re:Report finds wealth of top 1% up $21T, bottom 50% down $9...
by RickJWagner on Saturday June 15, 2019 @12:06PM
(#20190602)
Maybe so. But the poor of today (at least in the US, which the article is about:
- Have smart phones (entertainment)
- Have climate controlled housing
- Have better food than the poor of 1989
- Have fewer diseases and live longer than their 1989 counterparts
- etc.
It's not fun being poor, but there's never been a better time.
In a similar way, the rich don't live that much better than the next lowest classes. A middle class home feels more like a McMansion than the rich/poor housing comparison of 1989.
- Have smart phones (entertainment)
- Have climate controlled housing
- Have better food than the poor of 1989
- Have fewer diseases and live longer than their 1989 counterparts
- etc.
It's not fun being poor, but there's never been a better time.
In a similar way, the rich don't live that much better than the next lowest classes. A middle class home feels more like a McMansion than the rich/poor housing comparison of 1989.