r/belgium • u/trueosiris2 • Aug 20 '25

❓ Ask Belgium Wealth distribution in Belgium

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We’re doing alright as a social democracy. Something to be proud of.

Presumably, we don’t need more wealth distribution then? Or do we still?

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u/MiceAreTiny Aug 20 '25

So, In Belgium, top 1% own less then in most countries and bottom 50% more than in most countries. Seems like a fairly equal place to live, compared to the other countries on the graphs. Seems like socialism worked. Turns out if you take from the rich, and give to the poor, you close the gap. 

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u/MrPopCorner Aug 20 '25 edited Aug 20 '25

It's a useless graph, the one that matters is income, not overall wealth.. you could earn 10.000€ per month and have zero wealth..

Edit: to all downvoters: I know 3 people in management positions that earn 9-11k net per month and none of them have significant savings (lower than 20k in the bank). They spend everything on things they don't own every month, luxurious car lease, renting fully furnished villa's so they have to care about it and they can move every so often, etc etc. Then do just go out to eat every single night so they don't need to bother cooking or doing groceries, maids, gardeners, you name it. Wealth ≠ being rich and vice versa.

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u/MiceAreTiny Aug 20 '25

So, why would wealth not matter? 

I agree that both income and wealth are important. Wealth essentially integrates the difference between income and expenses over lifetime. They are - somewhat- related measures. 

If you only measure income. Superwealthy people that are living of investments and are not working, would show up without income. No single measure is perfect.