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2025-09-21 18:45:20 UTC

CheRosach on Nostr: Wealth inequality can lead to social unrest “In 18th century France, on the eve of ...

Wealth inequality can lead to social unrest

“In 18th century France, on the eve of the French Revolution (1788), the top 1% controlled 16.8% of the income. This concentration of wealth was one of the factors leading to widespread social unrest.”

“At the end of 2024, the top 1% of households owned 31% of the nation's assets” US Federal Reserve