It’s worth noting, though, that this doesn’t take into account the levels of inequality beyond comparing numbers of billionaires/non-billionaires.
The Gini coefficient is a popular method of measuring economic inequality, on a scale from 0 (total equality) to 1 (one person owns the entire nation’s wealth).
Not making a point here, I just like numbers:
China has a population of ~1.4 billion
China has 698 billionares
China has the one billionare for every 2,005,730 people.
United States has a population of ~340 million
United States has 724 billionaires
US has one billionaire for every 469,613 people.
Edit: I like numbers. I don’t like Reddit/Lemmy formatting.
This isn’t reddit. -3.14
Force of habit
It’s worth noting, though, that this doesn’t take into account the levels of inequality beyond comparing numbers of billionaires/non-billionaires.
The Gini coefficient is a popular method of measuring economic inequality, on a scale from 0 (total equality) to 1 (one person owns the entire nation’s wealth).
As of 2019, the US and China had Gini coefficients of 0.481 and 0.465 respectively, making them extremely similar in overall wealth inequality, which is extremely high for both nations.
Ooohhh… new types of numbers…
Tonight, we feast…