There was a huge collapse in wealth inequality in the UK between 1900 and 1980

Tweet from Sylvain Catherine. He is a professor at Wharton, the business school of the University of Pennsylvania. Excerpts:

"If . . .we look at the top 1% . . . there was a huge collapse in wealth inequality in the UK between 1900 and 1980, and basically no change since then. And that is before taking state pensions into account. The same thing is true when you look at the top 10%."

The graph shows the share or percent of total wealth going to the top 1% and the top 10% over time. Those shares fell dramatically.