luzula: a Luzula pilosa, or hairy wood-rush (Default)
[personal profile] luzula
I offer these depressing statistics about Sweden:

In 1965, the combined wealth of the five richest families was as much as 1.17% of that year's GDP. In 2016, the combined wealth of the five richest individuals was as much as 23.2% of that year's GDP.

Between 1983 and 1997, the richest 1% increased their wealth with 81%, and the poorest 40% decreased theirs with 129%.

In 2017, the richest 10% of the population owned 78% of total household wealth (not sure if wealth hidden away in tax havens was counted). To compare with Norway (63%), Denmark (69%), and Italy (51%). In this respect we're even worse than the US, at 77%!

I mean, we do still have free university and healthcare, but it's going downhill fast. Also, when I presented these statistics to my dad, he went on a rant about immigration as the root of all evil. The mind boggles.

(no subject)

Date: 2019-01-28 08:14 pm (UTC)
jesse_the_k: Panda doll wearing black eye mask, hands up in the spotlight, dropping money bag on floor  (bandit panda)
From: [personal profile] jesse_the_k
Well, it's positive 'wealth' for the folks holding the debt! See also: 2008 global meltdown, predicated on notational value of "mortgage backed securities" and other illusory monetary instruments.
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