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The US is way down the list at 120 for income equality, worse than most of the "developed world". That median hides a lot in a country of over 320 million. htt
by wandernotlost 4y ago
The US is way down the list at 120 for income equality, worse than most of the "developed world". That median hides a lot in a country of over 320 million.
https://www.cia.gov/the-world-factbook/field/gini-index-coefficient-distribution-of-family-income/country-comparison https://www.cia.gov/the-world-factbook/field/gini-index-coef...
- ChrisLomont 4y agoThe US also has just about the richest poor in the world - so if reducing inequality means making the poor demonstrably poorer, is that a good solution? Last I checked, poverty line in the US is at the 85th percentile in world income. And most importantly, most of that inequality and poverty levels are what are called pre-tax-transfer: they do not account the value given the poor and lower incomes via benefits, which lowers a lot of that inequality (and makes our poor even richer than most of the planet). For fun, pick a country that you think is better for lower income people, and let's look into it :) Inequality is relative. Absolute income means a significant amount, even more so to the poor.