Extremism

Via Michael Roberts

"Inequality of wealth is more extreme than inequality of income in OECD countries.

On average in the OECD the richest 10% of wealth holders own 53% of all personal (net) wealth, while the richest 10% of income holders own 24% of all personal income.

It's wealth that matters - wealth being property and financial assets less any debt. Most people have little wealth at all.

But note the ratios are much higher in some countries. In the US, the richest 10% of wealth holders own a staggering 79% of all personal wealth, followed by the Netherlands and social-democratic Denmark. The least unequal major country is Japan where the top 10% own 'only' 41% of all personal wealth.

OECD graph (2015)