This is the most fascinating and useful graphic I've ever seen on inequality. Tells most of the recent (US) storypic.twitter.com/ItaaZiCvEb
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That graph has always looked odd. Ideal has someone at top quintile at only about five times wealthier than bottom.
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it is apparently the curve that 92% of Americans (Democrat and Republican alike) selected as "ideal".
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also, in the "ideal" distribution, the bottom quintile has 26x the wealth of the current actual. 26 x 5 still a lot
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even the _perceived_ distribution would mean that almost no-one in the USA was below the present poverty line
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I'm skeptical about how the responses were prompted. If US ideal were really that flat, policies would be different?
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suspect the answer there is, that the 92% of people who select that curve as ideal are not those setting policy
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economy would be better off if things were more equal but the richest benefit from inequality http://www.fooledbyrandomness.com/Onepercent.pdf
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the logical answer to this apparent contradiction is that the richest are the ones setting policy
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@anthonybrown@amolrajan what's the source for that graph? -
the video linked in the previous tweet, via Motherjones, http://www.motherjones.com/politics/2011/02/income-inequality-in-america-chart-graph … orig. Samuel Norton, Harvard Business School.
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awesome, thanks
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