How much more or less would you make if

[Luddly Neddite]

How Much More (Or Less) Would You Make If We Rolled Back Inequality?


What would incomes look like for U.S. families today if the income distribution were the same as it was in 1979?


Larry Summers recently made this really intriguing calculation in the FT.


His conclusions:

• Families in the bottom 80 percent of the income distribution would be making $11,000 more per year, on average, than they're earning today.
• Families in the top 1 percent would be making about $750,000 less than they're earning today.

That got us thinking: What would those numbers look like in greater detail? How would the incomes of the poor, the middle class and the rich look different if you had 1979 levels of inequality in today's economy?


Here's what we found:

See the graph at the link.

 

[Sonny Clark]

How Much More (Or Less) Would You Make If We Rolled Back Inequality?


What would incomes look like for U.S. families today if the income distribution were the same as it was in 1979?
http://www.npr.org/blogs/money/2015...ign=npr&utm_term=nprnews&utm_content=20150122
http://www.npr.org/blogs/money/2015...ign=npr&utm_term=nprnews&utm_content=20150122
Larry Summers recently made this really intriguing calculation in the FT.
http://www.npr.org/blogs/money/2015...ign=npr&utm_term=nprnews&utm_content=20150122
http://www.npr.org/blogs/money/2015...ign=npr&utm_term=nprnews&utm_content=20150122
His conclusions:
http://www.npr.org/blogs/money/2015...ign=npr&utm_term=nprnews&utm_content=20150122
http://www.npr.org/blogs/money/2015...ign=npr&utm_term=nprnews&utm_content=20150122

• 
  
  
  • Families in the bottom 80 percent of the income distribution would be making $11,000 more per year, on average, than they're earning today.
  • Families in the top 1 percent would be making about $750,000 less than they're earning today.

That got us thinking: What would those numbers look like in greater detail? How would the incomes of the poor, the middle class and the rich look different if you had 1979 levels of inequality in today's economy?
http://www.npr.org/blogs/money/2015...ign=npr&utm_term=nprnews&utm_content=20150122
http://www.npr.org/blogs/money/2015...ign=npr&utm_term=nprnews&utm_content=20150122
Here's what we found:

See the graph at the link.

A better question would be, "what would incomes be if we hadn't sent our jobs to foreign economies, closed our plants and factories, allowed the off-shore out-sourcing of jobs, the importing of labor, and allowed millions of illegal immigrants to live and work in this country"?

What would incomes be if we actually had a pro-America government seated in Washington? What would incomes be if our government hadn't sold us out for the past 50 plus years? What would incomes be if we had a fair, equal, and just tax system and tax codes? Think about it.

 

[Toddsterpatriot]

How Much More (Or Less) Would You Make If We Rolled Back Inequality?

Who is this "We"?
How does "We" "roll back" inequality?

 

[SteadyMercury]

I read taller people make more too... we need to start cutting 'em off at the ankles.

 

[EdwardBaiamonte]

How Much More (Or Less) Would You Make If We Rolled Back Inequality?

Rolled back really means to steal money back at the point of a gun from those we gave it to in voluntary peaceful mutually beneficial transactions.

If you don't want Bill Gates, for example, to have so much for charity and other stuff you are free to stop buying his products, but why turn to state sponsored violence??

Also, if you want more equality why not roll back liberal govt interference?

1) switching to Republican capitalist health care would reduced prices by 80% and add 10-20 years to our lifespans.
2) eliminating the liberal corporate tax would bring back 30 million jobs and create huge upward pressure on wages.

 

[SteadyMercury]

By capitalist do you mean an economy like China where a large percentage of production is by state run enterprise that is controlled by the communist party and has favorable status eliminating competition?

After all, that is how you have defined "rigorous capitalism" for us.

 

[Politico]

If they made any change I would make more.

 

[EdwardBaiamonte]

How Much More (Or Less) Would You Make If We Rolled Back Inequality?

Who is this "We"?
How does "We" "roll back" inequality?

by stealing from the rich, at the point of a gun, the money they got when we bought Iphones from them.