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A comment on U.S. Suffers Sharpest Rise in Poverty Rate in More Than 50 Years. Parent comment
However, if the ruling class of 0.1% has 10% of the overall wealth, then that would be very low inequality. I would expect that to have been closer to the truth under the old USSR or the old Cuba, see the graph at: https://voxeu.org/sites/default/files/image/FromMay2014/novo... taken from: https://voxeu.org/article/inequality-and-property-russia-190...
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However, if the ruling class of 0.1% has 10% of the overall wealth, then that would be very low inequality. I would expect that to have been closer to the truth under the old USSR or the old Cuba, see the graph at: https://voxeu.org/sites/default/files/image/FromMay2014/novo... taken from: https://voxeu.org/article/inequality-and-property-russia-190...