**The majority would be far better off.** - There are many methods of achieving economic equality, such as higher minimum wages, redistribution of wealth etc. - In the vast majority of these methods, such as higher taxation, would only result in wealth being taken from the very highest earners such as the top 1%. This means the other 99% of lower earners would not be worse off, but many of them much better off. - Even if one does not take the term 'everyone' literally, to argue that even the majority would be worse off is statistically impossible. - If one took the median wealth of all the people as the goal of economic wealth equality, everyone with below that average would benefit from economic equality and gain wealth. - The world's eight richest people have same wealth as poorest 50%. - For further comparison, to be in the top 1% of earners in the US one would have an annual wage of over [$737,697](https://www.investopedia.com/personal-finance/how-much-income-puts-you-top-1-5-10/), compared to the other 99% with an average annual wage of $50,107. - The top 1%'s average wage is exponentially [increasing](https://www.epi.org/publication/the-new-gilded-age-income-inequality-in-the-u-s-by-state-metropolitan-area-and-county/), unlike that of the bottom 99%.