Chapter
The Growing Wealth Gap
48:43 - 52:21 (03:38)
The wealth gap has substantially increased since the last time it was at its lowest in the late 70s, with the top decile now being at an index of 100 instead of 60-65. This has resulted in businesses and people who rely on borrowing or investing assets to grow their net worth suffering more than those who have assets such as a home.
Clips
The least wealth inequality in recent history was in late 70s, where the gap between the top decile and bottom decile was around 60-65.
48:43 - 50:21 (01:38)
Wealth Inequality
Summary
The least wealth inequality in recent history was in late 70s, where the gap between the top decile and bottom decile was around 60-65. Today, it is at 100 on an index like the Gini index or in terms of the gap between the top decile and bottom decile in accumulated assets.
ChapterThe Growing Wealth Gap
EpisodeE25: Biden's vaccine mandate, "equity" in distribution, NFT speculation, impact of inflation & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The podcast discusses how inflation affects different groups of people and how it can be a mechanism for redistributing wealth.
50:21 - 52:21 (01:59)
Inflation
Summary
The podcast discusses how inflation affects different groups of people and how it can be a mechanism for redistributing wealth.