Truthmatters
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- May 10, 2007
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- #81
Pareto principle - Wikipedia, the free encyclopedia
economics
The original observation was in connection with population and wealth. Pareto noticed that 80% of Italy's land was owned by 20% of the population.[4] He then carried out surveys on a variety of other countries and found to his surprise that a similar distribution applied.
Due to the scale-invariant nature of the power law relationship, the relationship applies also to subsets of the income range. Even if we take the ten wealthiest individuals in the world, we see that the top three (Warren Buffett, Carlos Slim Helú, and Bill Gates) own as much as the next seven put together.[5]
A chart that gave the inequality a very visible and comprehensible form, the so-called 'champagne glass' effect,[6] was contained in the 1992 United Nations Development Program Report, which showed the distribution of global income to be very uneven, with the richest 20% of the world's population controlling 82.7% of the world's income
Even if we take the ten wealthiest individuals in the world, we see that the top three (Warren Buffett, Carlos Slim Helú, and Bill Gates) own as much as the next seven put together.[5]
Two of the top 3 are Democrats. Sure kills your theory on which party is the party of the monied people.
No it doesnt you fucking fool.
be honest or go the fuck away