U.S. INCOME Inequality higher than ROMAN Empire’S Levels
Many tout the U.S. as the Roman empire of the modern world.
But as it turns out, that comparison may not be all good. Income inequality in America is at levels even higher than those in ancient Rome, according to a recent study from two historians, Walter Schiedel and Steven Friesen, cited by Per Square Mile.
After analyzing papyri ledgers, biblical passages and other previous scholarly estimates, the researchers found that the top one percent of earners in Ancient Rome controlled 16 percent of the society’s wealth.
By comparison, the top one percent of American earners control 40 percent of the country’s wealth, according to Vanity Fair.
Posted in Miami Real Estate News
