Mexican Economy

by Little Guy @, Tuesday, November 28, 2023, 06:14 (1077 days ago) @ Yandosan

Can someone explain to me why all countries are in crazy ass debt?
Shouldn't it be...like... a zero sum game? Maybe I was too invested in Milton Bradley board games in my youth.

There is plenty of wealth. The problem is the distribution of that wealth.

A study by the World Institute for Development Economics Research at United Nations University reports that the richest 1% of adults alone owned 40% of global assets in the year 2000, and that the richest 10% of adults accounted for 85% of the world total. The bottom half of the world adult population owned 1% of global wealth.

A 2006 study found that the richest 2% own more than half of global household assets.

The Pareto distribution gives 52.8% owned by the upper 1%.

https://en.m.wikipedia.org/wiki/Distribution_of_wealth#:~:text=half%20of%20the%20world's%20net,97%25%20of%20the%20total%20wealth.

The masses demand more equitable distribution of the wealth that they produce. Governments provide that through government programs.

But the masses don’t have enough wealth to pay for the programs and the wealthy refuse to share their wealth through taxation.

So government debts increase.


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