The richest 0.1% of the world’s population have increased their combined wealth by as much as the poorest 50% – or 3.8 billion people – since 1980, according to a report detailing the widening gap between the very rich and poor.
The World Inequality Report, published on Thursday by French economist Thomas Piketty, warned that inequality had ballooned to “extreme levels” in some countries and said the problem would only get worse unless governments took coordinated action to increase taxes and prevent tax avoidance.
Not sure about this but. The 0.1% have more wealth than the bottom 50%. That’s a reasonably normal feature of wealth distributions by the way.
So, if the amount of the top .1% has risen by as much as that of the bottom 50% then the wealth gap must have fallen, no? Say, 25% (about what they do say) went to the tippy top people, 25% of the increase in wealth. The same also to the bottom 50%. Then the ratio between the two must have fallen.