wealth inequality

2 statements across 1 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement Mar 13, 2021 by Chamath Palihapitiya · across every show →

Everything said about wealth inequality, oldest first

Mar 13, 2021
Assertion Supported
Chamath: US wealth inequality was at its modern lowest in the late 1970s
“The period of the least inequality in recent history was in the late seventies, which is an incredible stat to say where the gap between the top decile and the bottom decile was like, you know, kind of like on an index. Like, 6065, whereas today it's sort of l…”
Chamath Palihapitiya Mar 13, 2021 ▶ 49:31 E25: Biden's vaccine mandate, "equity" in distribution, NFT speculation, impact of inflation & more
Mar 13, 2021
Insight
Chamath: Inflation is the most effective tool to reduce wealth inequality
“And as it turns out, inflation is a phenomenal way to decrease levels of playing field. Absolutely. It decreases people's richness. So it makes rich people poor. That's really the most effective tool that you have To recalibrate, it's very, very hard to redist…”
Chamath Palihapitiya Mar 13, 2021 ▶ 49:55 E25: Biden's vaccine mandate, "equity" in distribution, NFT speculation, impact of inflation & more
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