The World Wealth and Income Database: data and visualizations from 110 researchers in 70 countries

[gellfex]

@Wanderfound

Note that this is marking changes in pre-tax income.

Once you factor in the massive reduction in taxation on the wealthy over the last few decades, the shift is much larger. The rich are getting more to start with and paying less tax; for the poor, the reverse.

The idea that passive capital gains should be taxed less than earned income still startles me, it’s obviously insane to anyone but the investing class.