In his new book, Joseph Stiglitz outlines a sweeping plan to correct economic inequality http://www.theatlantic.com/business/archive/2015/11/stiglitz-heres-how-to-fix-inequality/413761/ … #choices
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@paulg@timoreilly I'm not aware of anyone arguing for a gini coefficient of 0. The debate is about whether & how to bring up that bottom.
@StartupLJackson Sounds great. But fixing poverty is not correcting economic inequality, which is what this plan was advertised as.
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@StartupLJackson E.g. there are measures that will fix poverty but make economic inequality worse. They are separate ideas. -
@StartupLJackson In fact most technology has had that effect. In Neolithic Europe people were pretty equal, but all poor by our standards. - Show replies
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@paulg@StartupLJackson «fixing inequity» is shorthand for softening the bottom and strengthening the middle class not eliminating wealth. -
@smenor@paulg@StartupLJackson what might we see in the data if we studied the k-12 schools attended by top 10% of earners in US?
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@paulg@StartupLJackson It seems there isn't a clear definition of what the ideal distribution of wealth or income is in this conversation.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg I would concede the term income inequality is not great & that some people do prefer punitive plans w regard to the wealth. -
@StartupLJackson@paulg how do you correctly measure poverty in the age of the smartphone?
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