4 ms·
In the way the term is used here, income equality is (the inverse of) income inequality. More equal, less equal... it's a measure, not a state. This is like as
by dalbasal 9y ago
In the way the term is used here, income equality is (the inverse of) income inequality. More equal, less equal... it's a measure, not a state.
This is like asking what does wealth look like.
- smokeyj 9y agoIf you have two popsicles, and I have one - we could achieve popsicle equality by throwing one of yours away. We have overall less popsicles but greater equality.
- davidcbc 9y agoIf you have billions of popsicles and other people have none you could easily give out millions of popsicles to help the less fortunate and still have vastly more popsicles than you could ever need.
- smokeyj 9y agoBut the relevant metric here is how many people have nothing. If everyone had nothing you solved the inequality but you're still poor. Inequality is just a bad metric. I'd rather be a poor in America than equal in Venezuela.