ST Alpha - "that oxfam graph in the article bothers me. it highlights inequality, but it's easily assailable." (Reading a Post)

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In response to "I am in the 1% in exactly zero states. -- (link)" by ty97

that oxfam graph in the article bothers me. it highlights inequality, but it's easily assailable.

Posted by mafic Jan 28 '15, 18:30

it's a straight line extrapolation based on the data that benefits them most, plus the report is based on numbers that are misleading. it uses net wealth, which means that if for example you happen to have an underwater mortgage, you'd be counted amongst the world's poorest people.

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I see much of your point, but on the last part - ty97 Jan 28, 18:31 1
- in a way. you might have a low net worth, but it's not like you're a subsistence farmer in central Asia. - mafic Jan 28, 18:37

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that oxfam graph in the article bothers me. it highlights inequality, but it's easily assailable.

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