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> Research has generally linked economic inequality to political and social instability, including revolution, democratic breakdown and civil conflict.[5][10][1
by _visgean 3y ago
> Research has generally linked economic inequality to political and social instability, including revolution, democratic breakdown and civil conflict.[5][10][11][12] Research suggests that greater inequality hinders economic growth and macroeconomic stability, and that land and human capital inequality reduce growth more than inequality of income.[5][13] Inequality is at the center stage of economic policy debate across the globe, as government tax and spending policies have significant effects on income distribution.[5] In advanced economies, taxes and transfers decrease income inequality by one-third, with most of this being achieved via public social spending (such as pensions and family benefits).[5] While the "optimum" amount of economic inequality is widely debated, there is a near-universal belief that complete economic equality (Gini of zero) would be undesirable and unachieveable.[14]: 1
just from wikipedia: https://en.wikipedia.org/wiki/Economic_inequality https://en.wikipedia.org/wiki/Economic_inequality
- anovikov 3y agoHere is a simple yardstick to find out what optimal Gini index is: same as Gini index of tinder likes. Because that's an objective rating of how intrinsically unequal people really are. Income distribution in all developed countries is far cry from Tinder distribution. Interestingly, asset distribution is somewhere close. Maybe because it has less social impact and is thus subject to much less political manipulation.