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I was just saying that your 19,230:1 ratio was arbitrary. You could just as easily have made it 192,300:1 by choosing 10x billionaires (of which there appear t
by harryh 13y ago
I was just saying that your 19,230:1 ratio was arbitrary. You could just as easily have made it 192,300:1 by choosing 10x billionaires (of which there appear to be 41) instead of just billionaires. Or you could have made it 1,923:1 by choosing 100x millionaires (dunno how many of those there are I'm gonna guess 10k or so).
On the other side of the line that 52k $ is arbitrary. Why is "average income in the US" the relevant #? I bet the average income in Detroit is lower. Or what about average african american income which is surely lower than that? I bet there are people in Detroit who earn essentially no money? Surely that number is relevant when talking about a wealth disparity ratio.
I was just saying that there are much much much better measures of wealth disparity than the #s you came up with.