The cartoon would then have to show the relative sizes of the groups as well (about 6 to 1), so 1 person gets 2/3 while 6 people get to share 1/3. Or, each person in the 1% gets 2/3 of the pizza, and each person in the 50% gets 1/18 of the pizza. Or, the 1% get 12 times more. The real figures are a lot worse, with the bottom 50% holding about 1/50 of the total household wealth, while the 1% hold 1/3 and the rest being distributed among the other 49%. The reality therefore is that those 6 people have to split 1/50th of a pizza, for 1/300th of a pizza each. What would 1/300th of a pizza look like? Crumbs I reckon.
Anyway, it’s a cartoon.
Comment on Wealth inequality will destroy America.
Barley_Man@sopuli.xyz 18 hours ago
I’m sorry but this is a wildly inaccurate way to portray the data. This image is portraying not the cut that every group gets, but the wealth that the average individual in that group gets. These individual averages per group are then added up to 100% and then everybody gets a slice out of that 100%.
To show you how this is inaccurate say we did this with 10 people. We have 2 groups. Group 1 has 9 people who average 1 dollar and then group 2 has 1 person who owns 2 dollars. In that example group 1 has 2 dollars combined and group 2 has 9 dollars combined. This would mean the groups own 18% and 82% of the wealth respectively. But according to how this comic portrays it, as per Capita, the pizza slice of group 1 would be ⅔ of the pizza and group 2 gets ⅓ of the pizza, which is not accurate at all to how the wealth is actually distributed.
Using this per capita metric is highly misleading if we are to use it in that way. The top 1% in the USA in actuality holds 32,5% of the wealth in the USA which would create a totally different pizza than the one in the comic.
crapwittyname@feddit.uk 16 hours ago
TronBronson@lemmy.world 17 hours ago
www.federalreserve.gov/releases/z1/…/chart/#range…
The point of the bottom 50% enjoying 2 pepperonis is the accurate part
Doomsider@lemmy.world 16 hours ago
You make a compelling argument. One word for you though, per capita.
daychilde@lemmy.world 15 hours ago
One word for you though, per capita.
That’s two words.
Doomsider@lemmy.world 15 hours ago
Fair enough.
daychilde@lemmy.world 14 hours ago
ALSO two words, although I know you never claimed otherwise. ;-)
boonhet@sopuli.xyz 18 hours ago
Top 1% … holds 32,5% of the wealth
And people over 55 own 73% (most of the top 1% that isn’t tech billionaires, are also old people after all). Start taxing corporations more and they won’t be able to retire the way they have, so they’re naturally against that. Good luck figuring it out without magically increasing birth rates to have more workers per retiree, or having your old people live in squalor so young people can have better lives (potentially driving up birth rates if they feel they can afford children)
Deconceptualist@leminal.space 18 hours ago
I think that’s the whole point. It’s not trying to paint an overview of the economy, but rather to show what portion a typical member of each class gets to live off of.
Images like you describe that show the breakdown for each entire class? Those are not hard to find.
Barley_Man@sopuli.xyz 18 hours ago
I just don’t think it’s an honest way to show the data. You could use the exact same method but put the richest individual as one group and the entire rest of humanity as another group and show that the top 1 person gets the entire pizza except for one microscopic crumb but of course that would be extremely misleading. I’m fine with per Capita wealth per wealth group as a metric but it doesn’t lend itself to be used in circular graphs. A bar graph would be less misleading. But of course that wouldn’t be good in a comic. I’m also against extreme wealth inequality but we are not going to solve it by misrepresenting the data. The non misrepresented data is already telling enough.
WalrusDragonOnABike@reddthat.com 18 hours ago
There’s 4 people in the image. If the 4 of them split a pizza based on their wealth, this is what each would get. How is that misleading?
Barley_Man@sopuli.xyz 16 hours ago
1: I think the average reader of this comic won’t understand it correctly without thinking deeply about how “per capita” affects the size of the pizza slices compared to a non per capita version.
2: Looking at this graph one would think that the entire problem with wealth inequality lies with the top 1%. However the next top 9% own more wealth combined than the top 1% do. This comic represents the “merely wealthy” as a victim but I would argue the opposite. To even enter the top 10% category you need over 2.5 million dollars. Top 5% is almost 5 million dollars. They get an unfairly large slice of the pie too.
Pistachio@lemmy.zip 16 hours ago
Yo know who I expect to have the most scrutinized data? Cartoons.
Dr. W. E. Coyote PhD, now that was a scientist with some goddamn tegrity!