Most people think the top 20% of people hold around 60% of the wealth. They think it would be more fair if the top 20% only owned around 35% of the wealth. The top 20% actually own almost 85% of the wealth.
People just don't have a clue.
Matthew Yglesias » Poor People Are Much Poorer Than You Think
Originally from here: Norton / Ariely - *.pdf
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