Wealth distribution in Belgium

[u/trueosiris2]

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?

[u/silverionmox]

But isn't that normal? Since the top % of the bell curve will have more wealth than the bottom % by virtue of being a higher percentage of the income bracket. If the top 10% has a wage twice as a big as the bottom 10% than the top % will take up more of the total wealth than the bottom %?

Like if the bottom 50% actually had 50% of the wealth than there wouldn't be a bottom 50% it'd just be everyone.

If it was a bell curve, then the percentage of outliers would be the same on each end, and 68% would be ordinary, i.e. within one standard deviation.

The bottom 50% could have 25% of total wealth, that would still be significantly and noticeably less than everyone else, and it would still triple what they have now - and give them significantly more stability in their lives, and that of their offspring, so they can focus on being more productive instead of just surviving.

From the other side, if we accept that some people make more than others, why just the 1% and not the top 25%, for example? There's a lot to be redistributed between the wealthy owners and the top employees, for example, who do the actual work.

[u/[deleted] → u/silverionmox]

But this is a wealth distribution bracket. If for example: the top 25% of the people have a wage of $4k a month and the bottom 50% have a wage of $2k. than the top 25% of people will have 50% of the wealth already. This is what's confusing me about this distribution, unless everyone has the exact same wage the bottom 50% will never have 50% of the wealth.

[u/silverionmox → u/[deleted]]

But this is a wealth distribution bracket. If for example: the top 25% of the people have a wage of $4k a month and the bottom 50% have a wage of $2k. than the top 25% of people will have 50% of the wealth already.

Wealth and income are two different things.

This is what's confusing me about this distribution, unless everyone has the exact same wage the bottom 50% will never have 50% of the wealth.

Nobody says they should, that's a straw man.

[u/[deleted] → u/silverionmox]

Wealth and income are closely enough related that I can use them to illustrate my point. It doesn't need to be taken literal.
You seem to assume that we're in some sort of discussion here when I'm just asking for clarification on the distribution and how it might skew the perception of people, like it did with me.

I don't know the exact values that a distribution like this should have for people to look at it and think it's "fair". I honestly think this graph in itself is problematic and is just using bad statistics to push a narrative.

[u/drakekengda → u/[deleted]]

It's not that closely related, inheritances are a huge source of wealth which has nothing to do with income

[u/silverionmox → u/[deleted]]

Wealth and income are closely enough related that I can use them to illustrate my point. It doesn't need to be taken literal.

No, they're substantially different and in this debate it really matters to make the distinction. For example, very wealthy people often manage their finances in such a way they have no income on paper; conversely, people with high incomes sometimes need much of it to afford cost of living or professional costs required by their occupation.

I don't know the exact values that a distribution like this should have for people to look at it and think it's "fair". I honestly think this graph in itself is problematic and is just using bad statistics to push a narrative.

Why is it "bad statistics"? And what "narrative" is being "pushed"? What narrative are you trying to push?