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Income inequality is a very flower metric to mesure wealth variations. Imagine country A, awesome with very little income inequality. Half it’s citizens earn 9
by thepangolino 7y ago
Income inequality is a very flower metric to mesure wealth variations.
Imagine country A, awesome with very little income inequality. Half it’s citizens earn 9k a year and the other half 10k a year.
Now country B, is very bad. 90% make 50k a year and the other 10% make 500k. That’s terrible, isn’t it? I wouldn’t want to live in country B.
- throwawaybbb 7y agoThe bottom 50% of US citizens have -0.2 trillion in wealth. That's right, they are in debt. Never in the history of the world have the poor had less than nothing.