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> These figures are meaningless without also stating what % of income the top x% earned. No they are not. But those numbers are also in the link, and it is mor
by cheph 5y ago
> These figures are meaningless without also stating what % of income the top x% earned.
No they are not. But those numbers are also in the link, and it is more or less the same, top 1% earned 20.9% of all income.
- rorykoehler 5y agoThose numbers are ridiculous if you think about them for a second. The bottom earners probably have zero excess earnings but somehow pay similar tax per dollar earned as the top 1% earners who have pretty much only excess earnings, even when not accounting for inflated lifestyle inefficiencies. That is just insane. Here is another view on the mess of income inequality in the US (with Europe for comparison): https://pbs.twimg.com/media/DjRkWPeU8AIeWtG?format=jpg&name=large https://pbs.twimg.com/media/DjRkWPeU8AIeWtG?format=jpg&name=... Indefensible really. Digging your own grave.
- cheph 5y ago> The bottom earners probably have zero excess earnings but somehow pay similar tax per dollar earned as the top 1% earners who have pretty much only excess earnings, even when not accounting for inflated lifestyle inefficiencies. Again, this is in the source I linked, and if by similar you mean, differing by 14.4%, then sure.
- rorykoehler 5y agoThat is basically nothing when you consider the other parts of my comment.