American Wealth, Sliced Up
kottke.org
American Wealth, Sliced Up
1–10 of 90 posts
Re: American Wealth, Sliced Up
#2I'd love the idea of a more equal share of wealth in America. Unfortunately most of the proposed solutions tend to be of the "make everyone equally miserable" sort, and usually come from the sorts of people that imagine themselves as the commissars and cadres of the new regime in such a situation.
Europe has tried to limit to wealth of the wealthiest, and in the process seems to have utterly kneecapped their own economies and development. The poorest US states are wealthier (even when adjusting for PPP) than all but the wealthiest European nations.
Re: American Wealth, Sliced Up
#3Can somebody explain how this graph makes sense?
It seems to imply the top 2 people own 30% of the wealth, which is not what the data states.
Re: American Wealth, Sliced Up
#4I'd love the idea of a more equal share of wealth in America. Unfortunately most of the proposed solutions tend to be of the "make everyone equally miserable" sort, and usually come from the sorts of people that imagine themselves as the commissars and cadres of the new regime in such a situation. Europe has tried to limit to wealth of the wealthiest, and in the process seems to have utterly kneecapped their own econ…
The poorest US states are wealthier through redistribution of wealth to them from other states.
Re: American Wealth, Sliced Up
#5The acid test of intelligence is if one believes in a zero sum economy or not.
Re: American Wealth, Sliced Up
#6I think the wealth should be age adjusted for inflation. Older people have had much more compounding than younger folds, much more time to save and earn, etc. Just doing it by raw percentages is a bit too raw.
Re: American Wealth, Sliced Up
#7The acid test of intelligence is if one believes in a zero sum economy or not.
The economy is not zero sum, so new wealth is being created. But that does not say anything about who receives that new wealth.
Re: American Wealth, Sliced Up
#8The acid test of intelligence is if one believes in a zero sum economy or not.
And then there are people who use this argument against redistribution and as a pro inequality argument.
The pie gets bigger in more equal societies.
That is the real acid test.
Re: American Wealth, Sliced Up
#9That graph literally just has fake labels. In reality, millionaires collectively have more than an order of magnitude more wealth than billionaires: https://forum.effectivealtruism.org/posts/4zjnFxGWYkEF4nqMi/...
Re: American Wealth, Sliced Up
#10I'd love the idea of a more equal share of wealth in America. Unfortunately most of the proposed solutions tend to be of the "make everyone equally miserable" sort, and usually come from the sorts of people that imagine themselves as the commissars and cadres of the new regime in such a situation. Europe has tried to limit to wealth of the wealthiest, and in the process seems to have utterly kneecapped their own econ…
The poorest US states are wealthier through redistribution of wealth to them from other states.
Mississippians average $43,000 of disposable income. Net federal money to Mississippi is roughly $9,000 per capita. Even if we assume that 100% of that $9,000 is welfare payments to the poorest, that still puts Mississippi roughly equal to Germany in terms of disposable income.