Income Inequality French Revolution Vs Us

American income inequality may be more severe today than it was way back in 1774 even if you factor in slavery.

Income inequality french revolution vs us. Here s a finding that would have made for great occupy sign last year. The united states currently holds 41 6 percent of the world s personal wealth making it the richest nation in the world but has a gini coefficient 42 that is the worst of any oecd. These views also vary by income within the two party coalitions. Lower income republicans are more likely than upper income ones to say there s too much inequality in the country today 48 vs.

Then between 1790 and 1860 us income per capita grew even faster than previous scholars have estimated. Among democrats the reverse is true. We also find that the south was initially much richer than the north on the eve of revolution but then suffered a severe reversal of fortune so that by 1840 its white population was already poorer than free northerners. The average people were fed up with the ancien régime.

That s because policy can still lean against the top 1. The united states wealth inequality which takes into consideration income property and investments is even more pronounced than its income inequality. Aristotle was the first to state that inequality triggers a revolution and that was certainly the case during the french revolution when onerous taxes on the lower and middle classes enhanced the. Income inequality must have become a mainstream concern because even business leaders worry about it.

93 at upper income levels say there is too much inequality compared with 65 of lower income democrats. Now as you can see below rentiers have even returned in france where inheritances are back up to 1920s levels but inequality hasn t. Are there other times in history where economic inequality led to social upheval and if so how do those times compare as well.