"Static inequality is a snapshot view of inequality; it does not reflect what will happen to you in the course of your life. Consider that about 10 percent of Americans will spend at least a year in the top 1 percent, and more than half of all Americans will spent a year in the top 10 percent. This is visibly not the same for the more static—but nominally more equal—Europe. For instance, only 10 percent of the wealthiest five hundred American people or dynasties were so thirty years ago; more than 60 percent on the French list are heirs and a third of the richest Europeans were the richest centuries ago. In Florence, it was just revealed that things are even worse: the same handful of families have kept the wealth for five centuries."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
Nassim Nicholas Taleb, Skin in the Game: Hidden Asymmetries in Daily Life (2018, Random House)
https://en.wikiquote.org/wiki/Europe
Revision History
No revisions have been submitted for this quote.
Categories
Europe
79 quotes on TrueQuotesView all quotes by Europe →
Related Quotes
"Mies on ku Euroopan omistaja, vaikke mää tiätääkseni oo myyny palaakaa. (Tampere, Tavastia) (RRO)"
"In its immense variety the European landscape defies easy definition. In no equivalent area of the earth’s surface is…"
"The global role of the United States is perhaps the ultimate chapter in that long period of European expansion which …"
"Did it have to come to this? The paradox is that when Europe was less united, it was in many ways more independent. T…"
"Whoever speaks of Europe is wrong: it is a geographical expression."
"I have always found the word Europe on the lips of those politicians who wanted something from other Powers which the…"
"For more than five hundred years the cardinal problem in defining Europe has centred on the inclusion or exclusion of…"
"The USA will remain the only superpower. China is becoming an economic giant. Europe is being Islamicized."
"Russia's only real geostrategic option - the option that would give Russia a realistic international role and also ma…"
"European integration should not be rigid but as flexible as we can possibly make it. It should not be a straitjacket …"