Live data from Hacker News

Explore Wealth and Income Inequality in the World Wealth and Income Database

wid.world

191–200 of 248 posts

Re: Explore Wealth and Income Inequality in the World Wealth and Income Database

#191

Earlier quoted context omitted.

Part of the problem is that the inequality leads to behavior that protects the inequality. Disney passing lobbying for laws that will keep their work out of public domain despite how much they benefited from public domain. Drug companies lobbying to outlaw certain products that would help people but cut into profits. Enough inequality allows information control. Enough information control allows government control. O…

>Enough information control allows government control Yet the solution to income inequality is to increase government control of the means of production via confiscatory taxes and redistribution? So some advocate increasing government's ability to take money from you a gunpoint through taxes in order to prevent the government from being able to control people? > Overall, if things were constantly getting better, I do…

>Yet the solution to income inequality is to increase government control of the means of production via confiscatory taxes and redistribution?

There does seem to be an issue where the government having more power results in things going even worse when the government gets corrupted.

Is it better to have the FDA/DEA approve what drugs are legal which allows them to be abused by outlawing competitors, or is it better to not have the FDA/DEA able to ban drugs, which let's meth be sold freely where ever a business chooses to do so? Most everyone I've seen discuss this issue gets caught up in the trap of wishing for a happy medium that won't last. They want a government that does good but won't be corrupted to do bad.

>So some advocate increasing government's ability to take money from you a gunpoint through taxes in order to prevent the government from being able to control people?

In the end, we will always threaten each other with violence. I've yet to see an alternative, as even extreme libertarian solutions just give way to fertile ground for governments to rise anew.

No matter what you do, a group of people which binds together will have more power than the strongest person who doesn't, and part of that power will be dedicated to keeping the group bound together (as groups that don't will eventually fall apart).

>worldwide absolute poverty has dramatically dropped

Looking world wide isn't really relevant when people make decisions based off of local ideals. Countries where poverty is going down will likely not have issues, and countries where wealth for the lower class stagnates or even reversed will.

>This whole "income inequality" cause is little more than Marxist class warfare rhetoric

And you have to fight class warfare with class warfare. Consider those who supported a culture where sharing one's salary is taboo, while businesses share the salaries of their employees quite openly (at least to other businesses on the inside).

>However, the industrial revolution started a low time before that. Apparently the climate change wasn't a catastrophic threat until someone wrote a book about it being a catastrophic threat? Were scientists simply sleeping for the past 100 years until some far-left journalist wrote a book about it?

Well look at how child abuse wasn't a significant problem up until the 1900s either. I wouldn't consider that evidence that child abuse isn't actually a significant problem.

>And there are 2 billion people living in extreme poverty, that gives each of them about $500. But that's it.

What is $500 in terms of their actual income? I'm not advocating seizing the wealth of the wealthiest, but to think that for the world's poorest $500 is the same as $500 is to even a poor American isn't quite right.

What I will say is that rights and morals and laws are all social constructs, and the true reality is we have never left the jungle. People will continue playing at society as long as certain conditions are met, and one of them is for things to be continually improving over the long term. If that doesn't happen, people will use what ever power they have to change the system, often to the detriment of those at the top. This isn't right or wrong, this isn't moral or immoral, this isn't legal or illegal.

Re: Explore Wealth and Income Inequality in the World Wealth and Income Database

#192
post #184

Earlier quoted context omitted.

Part of the problem is that the inequality leads to behavior that protects the inequality. Disney passing lobbying for laws that will keep their work out of public domain despite how much they benefited from public domain. Drug companies lobbying to outlaw certain products that would help people but cut into profits. Enough inequality allows information control. Enough information control allows government control. O…

> Part of the problem is that the inequality leads to behavior that protects the inequality. Oddly, that statement (which I completely agree with) has nothing to do with being rich or poor. People in power want to stay in power - whether it's the US or a failing state like Venezuela, they use that power against others. I'd much rather be in a rich but unequal society - it's much more peaceful.

I think the relationship isn't linear. Too much equality and there is no reason to go above and beyond, to innovate or to take risks. To much inequality, and we find the same result. Enough inequality to reward those who do more (with some understanding that there is elements of luck), but not so much inequality that people have to be lucky to succeed, if it is possible at all.

Re: Explore Wealth and Income Inequality in the World Wealth and Income Database

#193
post #175

Earlier quoted context omitted.

I would ask, what courts, tax laws, civil laws, etc are you referring to? Of course they impact the outcome, but which of those do you think is unfair or antithetical to my point about the free market? I think the tax thing is a huge misconception that just isn't backed up by reality. The US still has a progressive tax system, even after taking into account the many rules (or the mysterious and nefarious "tax breaks"…

Well duh,the top 1% have more that 27% of the wealth...

Income taxes are paid on... income.

Re: Explore Wealth and Income Inequality in the World Wealth and Income Database

#195
post #57

Earlier quoted context omitted.

This seems like confirmation bias, or selectively interpreting the data. Which metric are you using for net opportunities and how does it correlate with wealth/income inequality?

Not a statistics expert or anything like that, but I click on bottom 50% and I see after 1980, their share begins to decrease in the U.S. This was during the Reagonomics Era which according to Wikipedia, brought in small governemnt, big military, reduced taxes, and reduced regulation. To me, that is the opening of many opportunities on the private side and healthy cash flow to sustain it. The strong get stronger, and…

Keep in mind that in the 80s people packaged up and sold junk bonds - similar to the housing crisis of 08. It was a practice which essentially added no value to the economy but made a large number of people filthy rich.

Re: Explore Wealth and Income Inequality in the World Wealth and Income Database

#196
post #193
post #175

Earlier quoted context omitted.

Well duh,the top 1% have more that 27% of the wealth...

Income taxes are paid on... income.

Income's value is… diminishing with existing wealth. Receiving 20% of the income and having an amazingly outsized 40% of the wealth is more than enough reason to consider seeking funding from the 1% rather than their far poorer countrymates.

Re: Explore Wealth and Income Inequality in the World Wealth and Income Database

#197
post #190

Earlier quoted context omitted.

And yet even the poorest in the US still have TVs and refrigerators. Homelessness has skyrocketed in the US. The poorest here have neither TVs nor refrigerators (except the few their salvaging for the scrap metal value). The homeless generally don't have paid employment (meaning ordinary waged employment) since their appearance keeps them from being hired by most businesses but being homeless is a hellish amount of w…

The homeless generally don't have paid employment I would be interested in seeing your stats. I worked while homeless. I did freelance writing and, later, resume writing. I have known homeless individuals with regular jobs. I don't know what the statistics are. But I would be very interested in seeing stats on how many/what percent of homeless have some kind of earned income, if you know of any reliable data on the t…

Clarified above. Some homeless do manage to get ordinary waged work but given the requirements of most employers, it's not surprising that these poorest people don't appear employments statistics (the canard raised by the post I was replying to).

I don't have statistics and I suspect that getting statistics here is very difficult. A homeless person has little interest in answering a survey and certainly no one wants to appear homeless so just about any data source is going to be iffy.

Re: Explore Wealth and Income Inequality in the World Wealth and Income Database

#198

Earlier quoted context omitted.

https://en.wikipedia.org/wiki/Allegations_of_United_States_s...

bingo.

There's no revelation that geopolitics is complicated, nor is there any abnegation of blame which squarely upon the Communists for their mass murder of Cambodians, of their long war in Vietnam, and resulting totalitarian control and oppression of Vietnamese people for generations.

Re: Explore Wealth and Income Inequality in the World Wealth and Income Database

#199
post #190

Earlier quoted context omitted.

The homeless generally don't have paid employment I would be interested in seeing your stats. I worked while homeless. I did freelance writing and, later, resume writing. I have known homeless individuals with regular jobs. I don't know what the statistics are. But I would be very interested in seeing stats on how many/what percent of homeless have some kind of earned income, if you know of any reliable data on the t…

Clarified above. Some homeless do manage to get ordinary waged work but given the requirements of most employers, it's not surprising that these poorest people don't appear employments statistics (the canard raised by the post I was replying to). I don't have statistics and I suspect that getting statistics here is very difficult. A homeless person has little interest in answering a survey and certainly no one wants…

Thanks.

Re: Explore Wealth and Income Inequality in the World Wealth and Income Database

#200
post #184

Earlier quoted context omitted.

> Part of the problem is that the inequality leads to behavior that protects the inequality. Oddly, that statement (which I completely agree with) has nothing to do with being rich or poor. People in power want to stay in power - whether it's the US or a failing state like Venezuela, they use that power against others. I'd much rather be in a rich but unequal society - it's much more peaceful.

> a rich but unequal society - it's much more peaceful. That's not true. Violence is caused by inequality. Areas where everyone's equally poor are about as peaceful as areas where everyone's equally rich. It's dramatic inequality that causes violence. This is true no matter whether you look at neighborhood level, city level, national level etc.

Do you have any sources for this? I don’t see how it can possibly be true.

For one thing I don’t see how you can define areas where everyone is poor. Even looking at a place like North Korea, the top government officials are very well off compared to the average person.

In general, poorer countries are much less safe than richer ones. Poorer neighborhoods are much less safe than richer ones. I can see the point that even in those cases it’s often related to inequality, e.g. theres gang related violence because gang leaders are much richer than the average person in the area. But that’s a tautology, because there’s nowhere that has absolutely no inequality.

Post reply on HN