I just had chatgpt draw a table of wealth distribution by year based on best data sources it can find.
It shows that inequality has been on the rise from year 0 (top 1% has 45% of wealth) all the way until WW1 - top 1% had 65% in 1910. It then drops to 45% again post WW2 and has been on the rise since. 2026 shows top 1% own 62-63%.
What is interesting is, the bottom 50% has never been poorer. The table starts from 3% for bottom 50% and fluctuates between 1.8 and 5 all the way until 1970 (5%) which marks the beginning of a sharp decline. Today, bottom 50% has 1% of the wealth -a historical low- while the top 1% is almost at a historical high. The wealth distribution has never been more unequal.
Obviously the total wealth kept increasing and an average person today would have much more than an average person at any point in history, but people usually compare themselves with others alive today, not others who lived 100 years ago.
https://chatgpt.com/share/6a0b9a2a-4c6c-8394-8a66-7f86c510c8...
Yes, envy is a bitch.
There being more $10+ billionaires doesn't make your life worse when you are earning 50% more on a real dollar basis than you would have been 50 years ago.