Re:What happened when the rich stopped intermarrying in Britain
by t_mann on Sunday July 03, 2022 @05:56AM
(#31966475)
That's not how percentiles work. They could be almost exactly as rich for what we know, but given the context (extremely high wealth inequality) four deciles would likely imply many orders of magnitude in absolute wealth difference.
Re:What happened when the rich stopped intermarrying in Britain
by dan-robertson on Sunday July 03, 2022 @11:16AM
(#31968321)
Right, in the U.K. today there’s a pretty massive difference between 99th %ile wealth and 55th %ile wealth. I don’t know what it looks like for landowners (similar I expect) but maybe in the 1860s most people were not landowners so the e.g. 20th %ile landowner owned more land than say 90% of landowners (people or e.g. farm LLCs/partnerships) do today.
Re:What happened when the rich stopped intermarrying in Britain
by projektfu on Sunday July 03, 2022 @08:26AM
(#31967183)
If it happened in 2020 in the US, women in the 99th percentile overall (household net worth over $11 million) would be marrying men in the 55th percentile (99-44) and a net worth of $160,000. Roughly speaking. I'll split the difference with you if it's no big deal.
Re:What happened when the rich stopped intermarrying in Britain
by qzw on Sunday July 03, 2022 @10:20AM
(#31967872)
You're of course correct about the percentile v. percentage difference, but it's worth highlighting that the article is only talking about landed wealth, which presumably distinguished the old money from the nouveau riche. So a more analogous (if silly) modern equivalent might be to talk about percentile of net worth held in cryptocurrencies or meme stocks.
Re:What happened when the rich stopped intermarrying in Britain
by dreadpiratebob on Sunday July 03, 2022 @12:14PM
(#31968771)
The drop in wealth isn't even close to linear... the pareto principle suggests the decline would follow a much steeper curve...
A percentile drop of that amount is likely 2-3 orders of magnitude smaller.
Probably not poor by any means... I don't see most of those girls being happy pairing up with anyone below upper middle class..
Equivalent of 50mm usd to 1mm
0.66 * super rich is still super rich. I wouldn't go so far as to say "the rich stopped intermarrying", although the article explains how a very tiny oligarchy/aristocracy did stop intermarriage at some point.
It's also worth noting that the bourgeois balls the article mentions to reproduce class through marriage are still very much a thing, at least here in France the "rallies" as they're called are still taking place with the same function of producing quasi-arranged marriages to benefit one's family.