Inequality Made Simple

Discussion in 'Politics' started by georgephillip, Mar 7, 2011.

  1. georgephillip
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    georgephillip Gold Member Supporting Member

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    Consumption or income?
    Changing composition of households over the last 30 years?
    Are we measuring inflation incorrectly?
    Is inequality simply a statistical artifact of the '86 tax reform bill?

    Why not look at the money flow in America since 1979?

    This graph from an annual CBO report shows the share of total earnings going to various income levels.

    "If you look at the raw CBO figures, they show that a full tenth of the national income has shifted since 1979 to the top 1% of the country.

    "The bottom quintiles have each given up a bit more than two percentage points each, and that adds up to 10% of all earnings.

    "That 10% has flowed almost entirely to the very tippy top of the income ladder."
     
  2. Oddball
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    Oddball Diamond Member Supporting Member

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    Where, in the Constitution, does it state that everyone is always going to be equal?
     
  4. Jeremy
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    Jeremy TRANSFER!!!

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    There is no guarantee, nor should there be, of equalized outcome
     
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  7. georgephillip
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    georgephillip Gold Member Supporting Member

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    As opposed to STUPID?

    "If this massive income shift hadn't happened, middle class earnings would be higher, they'd be able to buy more stuff, and they probably wouldn't be in debt as much.

    "And the top 1% wouldn't have quite so much idle cash lying around to do stupid things with.
     
  8. del
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  9. Oddball
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    Oddball Diamond Member Supporting Member

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    No...Boring AND stupid.

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  10. georgephillip
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    georgephillip Gold Member Supporting Member

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    What do you mean by equal?

    I'm using the word to indicate "a government that would guarantee equally to all individuals the rule of law and security for liberty under the law."
     

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