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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: Said ✧  😊 😞
Number: of 21942 
Subject: Re: Should I change how I invest? Confused in the U
Date: 11/24/24 5:36 PM
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Jim provided this link:
wir2022.wid.world: The World #InequalityReport 2022 presents the most up-to-date & complete data on inequality worldwide: 💵 global wealth🌍 ecological inequality💰 income inequal

What Aussi found in this reference tells a different story than Jim's summary of it, which focuses on global inequality, but leaves out what it says about within-country inequality. Additionally to what Aussi quoted and underlining it for example this, which also tells the other side of the story:

We find that within inequality (as measured by this indicator) increased gradually between 1820 and 1910, then sharply declined between 1910 and 1980, and finally rose again between 1980 and 2020. This is the familiar pattern, found in the United States and Western Europe in the context of the new wave of historical research on inequality. A similar pattern has also been found in Japan, India, Russia, China, Latin America, South Africa, among other places, so it is not surprising that we find it here at the global level. Note that the rise of within-country inequality since 1980 apparently reached a sort of plateau between 2010 and 2020 (and has not turned back so far).

Perfectly in line with the not just anedoctal NZ (and Aussi) housing crisis of the poor and as Aussi says pointing to a possible explanation.
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This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
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