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The graph below shows how well the richest Top 1% have done across different countries over the past 200 years.
Some interesting patterns explored in 🧵.
#dataviz
Some interesting patterns explored in 🧵.
#dataviz
In Russia🇷🇺, the income share of the Top 1% fell suddenly after the Russian Revolution of 1917, and stayed low during Soviet.
After the breakup of Soviet, it took under a decade (1990's) for Top 1% income share to reach _higher_ levels than during the days of the Tsars.
After the breakup of Soviet, it took under a decade (1990's) for Top 1% income share to reach _higher_ levels than during the days of the Tsars.
In the United Kingdom🇬🇧, the rich did very well in the 19th century.
However, in the 20th century, the income share of the Top 1% fell steadily, reaching a low-point in 1980 (7%).
Since 1980, it has risen substantially again.
However, in the 20th century, the income share of the Top 1% fell steadily, reaching a low-point in 1980 (7%).
Since 1980, it has risen substantially again.
In the United States🇺🇸 in the 1800s, the Top 1%'s income share was lower than in many European countries.
Like the UK, the US had decreasing inequality most of the 20th century.
Since 1980: Dramatic increase in the Top 1% income share. In 2021 the share is higher than in 1820.
Like the UK, the US had decreasing inequality most of the 20th century.
Since 1980: Dramatic increase in the Top 1% income share. In 2021 the share is higher than in 1820.
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