Alright, now let’s see what then distribution is like within that 10%
tsubatai on
>look inside
>its another proxy measure for the real estate market again
marks-ireland on
This is a stat that the media love to run to promote outrage but actually it’s not bad compared to other wealthy countries. In the US 1% own over 40% of the wealth! It’s normal for a capitalistic society to have wealth inequality but we still present it as a “flaw”.
Crowsdoggo on
If you are poor it is your fault though
Kanye_Wesht on
Im guessing mortgages are a huge dividing line for wealth status in these statistics? Someone starting a mortgage is negative in assets compared to an elderly homeowner with the mortgage paid off – even if they have similar houses and lifestyles.
IntentionFalse8822 on
If you click through the links you see that to be in the top 10% you need a net wealth of €1,024,000. That is assets minus debts. Given the housing market in Dublin I’d say a lot of retired people in Dublin are fairly close to that but wouldn’t feel exactly wealthy as all the wealth is in the walls of their home and locked away in their pension pots that they built up over decades working and they now live off.
A better question might be what percentage of people hold half the DISPOSABLE wealth in Ireland (i.e. wealth they can actually use any way they wish). I’d suspect we are talking about a few thousand people at best.
DeargDoom12 on
Great little country
Wonderful_Trick_4251 on
For context the bottom 50% of adults own less than 1% of the wealth.
And they want you scrapping and fighting among yourselves over that 1%.
TalieJane on
And then they’ll say it’s the asylum seekers
irishweather5000 on
“Wealth inequality” is a transparently bullshit measure of anything. If you have 1m and I have 0, that’s massive inequality. If you suddenly lose your 1m, we’re now equal… but my situation hasn’t changed at all.
The reality is we’ve moved to “inequality” as the measure of choice because real poverty effectively no longer exists, certainly in Ireland but in most of the western world. Living standards even for the poorest in society are beyond the imaginings of even someone from just a century ago – which is a great thing! But “we solved poverty” isn’t a great story so we’ve moved on to “oh no, inequality.” I can assure you that no one in South Sudan is worried about inequality. But you can be damn sure they’re worried about poverty.
eezipc on
Trickle down economics. And you should be happy you get the trickle you little ants.
rixuraxu on
oh shit, is that a guillotine
ZenBreaking on

Impossible_One5795 on
The trickle down is awful slow.
Salaas on
Unfortunately inherited wealth results in this. It only really resets if there is war or a revolution but even then it doesn’t wipe it as someone will always benefit.
Also dont really see a solution unless you get into fantasy land of something like all governments agreeing that any wealth over a set number is taken and redistributed to charity.
15 commenti
Alright, now let’s see what then distribution is like within that 10%
>look inside
>its another proxy measure for the real estate market again
This is a stat that the media love to run to promote outrage but actually it’s not bad compared to other wealthy countries. In the US 1% own over 40% of the wealth! It’s normal for a capitalistic society to have wealth inequality but we still present it as a “flaw”.
If you are poor it is your fault though
Im guessing mortgages are a huge dividing line for wealth status in these statistics? Someone starting a mortgage is negative in assets compared to an elderly homeowner with the mortgage paid off – even if they have similar houses and lifestyles.
If you click through the links you see that to be in the top 10% you need a net wealth of €1,024,000. That is assets minus debts. Given the housing market in Dublin I’d say a lot of retired people in Dublin are fairly close to that but wouldn’t feel exactly wealthy as all the wealth is in the walls of their home and locked away in their pension pots that they built up over decades working and they now live off.
A better question might be what percentage of people hold half the DISPOSABLE wealth in Ireland (i.e. wealth they can actually use any way they wish). I’d suspect we are talking about a few thousand people at best.
Great little country
For context the bottom 50% of adults own less than 1% of the wealth.
And they want you scrapping and fighting among yourselves over that 1%.
And then they’ll say it’s the asylum seekers
“Wealth inequality” is a transparently bullshit measure of anything. If you have 1m and I have 0, that’s massive inequality. If you suddenly lose your 1m, we’re now equal… but my situation hasn’t changed at all.
The reality is we’ve moved to “inequality” as the measure of choice because real poverty effectively no longer exists, certainly in Ireland but in most of the western world. Living standards even for the poorest in society are beyond the imaginings of even someone from just a century ago – which is a great thing! But “we solved poverty” isn’t a great story so we’ve moved on to “oh no, inequality.” I can assure you that no one in South Sudan is worried about inequality. But you can be damn sure they’re worried about poverty.
Trickle down economics. And you should be happy you get the trickle you little ants.
oh shit, is that a guillotine

The trickle down is awful slow.
Unfortunately inherited wealth results in this. It only really resets if there is war or a revolution but even then it doesn’t wipe it as someone will always benefit.
Also dont really see a solution unless you get into fantasy land of something like all governments agreeing that any wealth over a set number is taken and redistributed to charity.