this post was submitted on 06 Aug 2025
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I read Thomas Pikettys Capital in the 21st Century recently, and it informed me on this topic. I still agree with you that those are the two most important class distinctions, but if I'm speaking with someone who is capable of nuance in the realm of socioeconomics I would give this statistic from that book: The top 1% own 30% of the wealth, the top 10% (which includes the 1%) owns 50% of the wealth, the next 40% (so not including those two prior categories) owns the rest, and the bottom 50% owns nothing. So there is now a patrimonial middle class that serves as a buffer between 'rich' and 'poor', but this statistical analysis doesn't really help with getting people aware of the fact that they are the poor and that they are poor BECAUSE a select few are outrageously wealthy.