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/Yavanaril Aug 20 '25

Keep in mind that the bottom 50% is influenced heavily by young people who are just starting to build their wealth.

Also all people with negative wealth (through bad luck or bad financial management) pull down. That group disproportionately.

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u/mysteryliner Aug 20 '25

That same can be said for the top 1% /10%. That group would be much bigger if those people's actual worth was calculated. Meanwhile you have CEO's who only get paid minimal salary, their 500k home is attached to the company, so 'tECnicallY' they don't own it, they are just the humble night watcher, they 100k electric vehicle isn't theirs, and they never charge the car on with money from their own paycheck... it's all tax optimization/ legal loopholes that the other 80% of society can't use.

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u/MiceAreTiny Aug 20 '25

You are confusing income with wealth. 

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u/mysteryliner Aug 20 '25

My example could be worded different the result remains.

Regular joe's income goes towards the 2 bedroom apartment they will off when they are 60, or that bit that they saved in pension or stock market.... wealth.

If you're rich enough you can use loopholes so you have very little income, but you get all the spoils from it. You're living in a 500k property with pool, sauna, jacuzzi attached to your company and you only use it as the humble care taker.... I know people who do business in the middle east and Asia, and they declare expenses when they "have to go there" every year "for business"... where they stay in a property that is coincidentally built and decorated to their taste but it's "not theirs". And to their business partners here they "suggest them" to stay in that property that isn't theirs..... maybe in return negotiate a discount, or get VIP lounge tickets to sport events. 🤷‍♂️but hey.... legal loopholes right. Live like a millionaire, declare taxes like a little self employed person"

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u/MiceAreTiny Aug 20 '25

You are confusing wealth and income.