pb4uski
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Has anyone seen this video on wealth inequality? Interesting.
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Have not watched the video, but I did see a contrarian blogpost about it by Cullen Roach (Pragmatic Capitalism) PRAGMATIC CAPITALISMThe Pareto Principle and Wealth Inequality - PRAGMATIC CAPITALISMHas anyone seen this video on wealth inequality? Interesting.
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I stopped half-way through. Without definitions it really is meaningless. ....
-ERD50
I agree that I would have liked to seen numbers and more details, but the lack thereof doesn't bring it to meaningless IMO. Also, including such detail that you and I might want/enjoy would probably bore most others. I thought it was a reasonably well done "intro" to the extent of wealth inequality and was more factual than judgmental.
Percentiles Ranked by AGI; AGI Threshold on Percentiles; Percentage of Federal Personal Income Tax Paid
Top 10% $112,124 70.47%
Top 25% $66,193 87.30%
As I recall, the video didn't provide or imply any view on fairness, but contrasted what people think wealth distribution is, what they would ideally think it should be and what it really is. Wealth is much more concentrated than people think, and what they think is more concentrated than what they would ideally like it to be.
They also addressed both wealth and income IIRC. One thing that was striking is the relationship between CEO pay in relation to average worker pay today compared to decades ago, nothing new, but interesting nonetheless.
My interest in wealth inequality is moderate at most. It seems to me that what counts is people's absolute standard of living, not how it compares to some billionaire or even garden variety affluent millionaire.
Ha
It gets complicated, and is hard to discuss w/o Porky jumping in, so I will try to stop there.
-ERD50