Tagoxfam is comprised of idiots

Myth: 1% own half the world’s wealth

Another statistic I heard and immediately thought, must be bullshit. Here is a glimpse into Oxfam’s state of the art methodology: According to this methodology, the poorest 2 billion people in the world have a negative net wealth. Someone who has 50p but no assets or debts would be above the bottom 30 per cent of the world’s population. It doesn’t take an advanced mathematician to work out...

About me

Professor and quant guy. Libertarian turned populist Republican. Trying to learn Japanese and play Spanish Baroque music on the ukulele.

Subscribe via email

Enter your email address to subscribe to my blog and receive notifications of new posts by email.

Tags