India's richest 1% have 73% of wealth
- The richest 1% in India cornered 73% of wealth generated in country last year, a new servey showed.
- Besides, 67 karod Indians comprising the populations poorest half so their wealth rise just by 1%.
- It is acording to the international rights group oxfam.
- The annual oxfam survey is mainly watched and as discussed in detail at world economic forum annual Meeting.
- According to last year survey, 1% richest cornered 53% of total wealth.
- Finally, kisi k to acche din aaye, to kya agar hum aaj bhi whi hai.
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Have a nice day, till next time see ya.... @singhrajat ☺
Income inequality is a beast. Research actually shows that a nation fairs better if there is more equal wealth distribution. However, it seems as though in all aspects of society (even in crypto-distribution), this is not the case.
I also wrote an article analyzing our society, specifically how we turn children into disastrous wrecks through entertainment. I would love to hear what you think! Danielle Bregoli (Catch me Outside) is the New Shirley Temple 🍭
A better distribution is 20% of the population controls 80% of the wealth. This distribution is very common in nature.
How about AI takes over all the control that results in 1:1 distribution and you no more need to struggle just for survival. I guess that will be best
Hmm. Perhaps. That still seems like a lot. Although, it may be common in nature, I am not sure that should apply to wealth distribution. Interesting video though, I love Vsauce!
It's probably the same in most countries. Perhaps the blockchain, cryptocurrencies, disintermediation and direct human to human interactions can result in some wealth redistribution.
And it is very much needed.
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Those who believe in long term vision is working towards it however there are some who want it all.
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nice info.
is there a similar analysis about steemit, how about the top guys here?
hope it will not go the india way
The funny thing is that the majority of the Indian population are quite demure and have fully accepted their fate under the caste system.
Yes, but this way of thinking must be changed.
writing titles or surnames should be totally abandoned in India, one can think it will not matter but i am from India and i thing any small change can make a big effect there.
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