Income inequality matters more on a day-to-day basis. Wealth matters more for political influence.
We live in a world where economic positions - income and wealth - are very unevenly distributed, and this leads to the widespread persistence of poverty.
The collective income of all these people - the bottom half - is less than three percent of global household income, and so there is a grotesque maldistribution of income and wealth.
Given the total income and wealth available in the world today, we could easily overcome poverty, which would require raising the share of the bottom half from three to roughly five percent. Unfortunately, the trend is going in the opposite direction.
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