A huge study of 20 years of global wealth demolishes the myth of ‘trickle-down’ and shows the rich are taking most of the gains for themselves : worldnews

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The 2022 World Inequality Report, an enormous endeavor coordinated by financial and inequality consultants Lucas Chancel, Thomas Piketty, Emmanuel Saez, and Gabriel Zucman, was the product of 4 years of analysis and produced an unprecedented information set on simply how wealth is distributed.

Chancel is the co-director of the World Inequality Lab, whereas Saez and Zucman have actually written a e book on the wealthy dodging taxes and helped create wealth tax proposals for senators like Elizabeth Warren and Bernie Sanders.

Relating to wealth, which accounts for the values of property folks maintain, researchers discovered that the “Poorest half of the worldwide inhabitants barely owns any wealth in any respect.” That backside half owns simply 2% of whole wealth.

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