🇧🇷🇺🇸-  Book: Making Things Think: https://holloway.com/mtt. Investor in Wander, Carry, Footprint, Merkle Manufactory (Farcaster), Dynamic, Paragraph.

here's a more complete story.

income inequality is in fact up over the last 35 years, but only marginally

Real World Ethereum 🌎 
building /daimo ✳️ 

hmmmm. where is this data from? how are they defining "middle class"?
middle and lower incomes have done well since covid

This flip actually happened two years back, mid 2021

I had been orange pilled sometime in 2020, and this was unfolding before our eyes.

Disagree. This is Capitalism at its finest. Commoditize housing and health care and watch your society collapse.

this tracks with social instability and dissatisfaction

Do you mean because rates are up? Or because rates are down?

Wealth inevitably concentrates over time.

Sure, they do. My piggy bank is now attending economics classes to keep up. 🐷