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I would love to eliminate poverty and traditional economist are wrong, income inequality matters. Norway has a lower GDP than US but a significantly higher qual
by 9283409232 1y ago
I would love to eliminate poverty and traditional economist are wrong, income inequality matters. Norway has a lower GDP than US but a significantly higher quality of life cand longer life expectancy. Income distribution is much better in Norway than it is in the US with the top 10% only holding 25% of the wealth in Norway compared to 70% in the US with the top 1% having 30% of that. You mention China but the top 10% of earners in China have 40% of the income which is still less than the 70% in the US.
- vFunct 1y agoDoesn’t matter. A billionaire’s existence doesn’t take away from the poor, since wealth isn’t zero-sum. Focus on the poor, not the rich.
- 9283409232 1y agoThe two are intertwined. You cannot give to the poor without the rich paying what they owe.