Re:Just Be Rich
by Bootvis on Tuesday April 13, 2021 @08:47AM
(#26791441)
The Netherlands really has most? I honestly don’t believe that without any supporting evidence.
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A bit surprising, huh? According to this Wikipedia page: https://en.wikipedia.org/wiki/List_of_countries_by_wealth_eq... The Netherland, indeed, is the worst. It's close to having a minority own everything while everybody else has 0 (a 1.0 coefficient).
I’m really surprised. It went up a lot from 2018 and 2019 so I don’t fully trust the result but that might be bias talking.
Our friendly Australian economics man made a concise video about it a couple of months ago[1].
TL;DW Very liberal mortgage policy that encourages very low or negative wealth on the low end, and very old money that remains concentrated despite recent income equality.
The video doesn't quite explain the jump though. The amount of old money didn't jump between 2018 and 2019 and it is getting harder and rarer to be underwater on your mortgage.