I was just reading about the conspicuous consumption of the 1920s as wealth concentration reached extreme levels.
And then I saw a video of that absurd roadster.
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The top 1% control a smaller share of wealth than they did in the 1920s, but the top 0.1% are very much at 1920s levels, and the top 0.01% even higher.
And of course 1% is a completely arbitrary number anyway.