This cartoon from The Seattle Times illustrates how America’s economic pizza is actually sliced per capita, highlighting the massive disparity between the Top 1%, the merely wealthy, the upper middle class, and the lower 50%.
This cartoon from The Seattle Times illustrates how America’s economic pizza is actually sliced per capita, highlighting the massive disparity between the Top 1%, the merely wealthy, the upper middle class, and the lower 50%.
I like “this is not a joke”. I really appreciate anybody trying to put into perspective how insanely unequal things are by using real numbers where possible.
The problem is that things are so unequal that it’s just about impossible to illustrate. For example, the “Top 1%” label is perfectly accurate, but doesn’t illustrate both how small and also how large the top 1% is. 1% is still 3.5 million people, which is large. It isn’t just Bezos and Musk. It’s also guys who own car dealerships.
OTOH, it’s also small. There are 4 people in that illustration, and the “top 1%” should really be 1 guy in a room of 100.
It’s also hard to remember that the “lower 50%” isn’t just “the poors”. It’s literally half the people in the country. It’s not 1 guy at a table with 4 people who is only getting crumbs, it’s half the people at that table getting crumbs. I would bet that at least 80% of Americans think they’re richer than the bottom 50%.
That’s also without trying to deal with the issue of “1 billion dollars”, which just isn’t a number that people have much ability to picture. 1 billion feels like it’s similar to “1 million”, but it’s not.
It also doesn’t do anything to show the scale in the top 1%. There is more difference from the top and bottom of that single percentage than there is in the entire pizza and crumbs.
Yeah. The difference between the net worth of Elon Musk and of Gary Tharaldson is basically Elon Musk’s entire net worth. And, Gary Tharaldson is a billionaire and the richest person in North Dakota.
The “merely multi-millionaires” are still a problem. Their wealth corrupts the democratic system. But, it isn’t as dangerous as Musk’s or Bezos’s power.