Wealth inequality among the world , USA you are the best.

[sekaiissobig]

Congratulation to USA as the top wealth inequality of developed nation among others.
Let us look closely on data, I have summarized the data from one of the report http://publications.credit-suisse.com/tasks/render/file/index.cfm?fileid=AD783798-ED07-E8C2-4405996B5B02A32E .
 The inequality is calculated by using mean wealth divide with median wealth. If you learn math before, you should know what is mean and median and hence inequality can be calculated from those two values.

 Country                 Median    Mean         Inequality
1. United States    $ 44,977    $344,692   7.66
2. Denmark    $ 52,279    $259,816   4.97
3. Germany    $ 42,833    $185,175   4.32
4. Austria    $ 52,519    $206,002   3.92
5. Israel    $ 54,384    $176,263   3.24
6. Kuwait    $ 40,803    $119,038   2.92
7. Finland    $ 52,427    $146,733   2.80
8. Canada    $ 96,664    $270,179   2.80
9. Taiwan    $ 63,134    $172,847   2.74
10. Singapore    $101,386    $276,885   2.73
11. United Kingdom    $107,865    $288,808   2.68

Wow, the inequality of united states is  54.12 % higher than denmark. It is clearly state that citizen of usa, please ask your representtives to do and act with actions! ! !

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[Snorek]

It's alarming situation, but it's is a known fact. These numbers, you presented are not surprising at all.

According to Wikipedia:

"Currently, the richest 1% hold about 38% of all privately held wealth in the United States. While the bottom 90% held 73% of all debt.
According to The New York Times, the "richest 1 percent in the United States now own more wealth than the bottom 90 percent".

I will blame disproportion between constant rise of productivity which is not backed by rise of wages.
US' real median of family income stopped growing in late 70s. since that time disparity between wages and productivity is only widening.

[Qartersa]

Welcome to a capitalist centered world we live in. If you want to even the playing field then oust every democratic capitalist governments and change it a communist government. Though, don't expect progress as much as we are getting right now if it will be a communist one. Well, the rich will not always be rich, there will come a time that they will lose it all. They will not live forever. They cannot amass every single dollar in the world before they die.

[gentlemand]

The more time you spend in the US the more you realise how little it resembles any other first world country.

There's stuff that goes unquestioned there that would have every European farmer spraying their local parliament with slurry.

[Sundark]

Welcome to a capitalist centered world we live in. If you want to even the playing field then oust every democratic capitalist governments and change it a communist government. Though, don't expect progress as much as we are getting right now if it will be a communist one. Well, the rich will not always be rich, there will come a time that they will lose it all. They will not live forever. They cannot amass every single dollar in the world before they die.

Don't blame capitalism for wealth inequality. It is not that simple.

If we study economic history of United States we can clearly see that in late 19th and during first half of 20th century capitalism was working great.
It was because of great implementation of capitalism US become the number one nation in the world.
The problems with wealth disparity started when we entered phase called Corporatism or Predatory Corporate Capitalism.

[pearlmen]

Its unfortunate how bad inequality in USA is this bad. Even though I am an advocate of capitalism as I believe this brings out the best in the country and also creates an environment where individuals can expand to the maximum capacity, I also will not undermine the responsibility of government to keep the gap at check in other not to give room for anarchy and lawlessness in the society. My humble contribution.

[Genesis1337]

Congratulation to USA as the top wealth inequality of developed nation among others.
Let us look closely on data, I have summarized the data from one of the report http://publications.credit-suisse.com/tasks/render/file/index.cfm?fileid=AD783798-ED07-E8C2-4405996B5B02A32E .
 The inequality is calculated by using mean wealth divide with median wealth. If you learn math before, you should know what is mean and median and hence inequality can be calculated from those two values.

 Country                 Median    Mean         Inequality
1. United States    $ 44,977    $344,692   7.66
2. Denmark    $ 52,279    $259,816   4.97
3. Germany    $ 42,833    $185,175   4.32
4. Austria    $ 52,519    $206,002   3.92
5. Israel    $ 54,384    $176,263   3.24
6. Kuwait    $ 40,803    $119,038   2.92
7. Finland    $ 52,427    $146,733   2.80
8. Canada    $ 96,664    $270,179   2.80
9. Taiwan    $ 63,134    $172,847   2.74
10. Singapore    $101,386    $276,885   2.73
11. United Kingdom    $107,865    $288,808   2.68

Wow, the inequality of united states is  54.12 % higher than denmark. It is clearly state that citizen of usa, please ask your representtives to do and act with actions! ! !

aaaand? why should wealth inequality matter at all when everyone can live next to bill gates, jeff bezos, or steve jobs? those three men provided a service for a price, and raised everyone living standards as a result. the wealth inequality argument for socialism is retarded, if that whats your post was aimed at.

[webtricks]

When we say A has 5x wealth as what B has, it doesn't mean B is poor. It maybe the case A is ultra rich and B is living sophisticated life though not in comparison to A but suitable enough.
So, in my senses Wealth is not at all a comparative measure but an absolute one. So instead of finding central tendencies, we should initiate finding real economy situation, the real poors. And in that term, I bet USA is far better than African and Asian subcontinent.

[Vaccinus]

Congratulation to USA as the top wealth inequality of developed nation among others.
Let us look closely on data, I have summarized the data from one of the report http://publications.credit-suisse.com/tasks/render/file/index.cfm?fileid=AD783798-ED07-E8C2-4405996B5B02A32E .
 The inequality is calculated by using mean wealth divide with median wealth. If you learn math before, you should know what is mean and median and hence inequality can be calculated from those two values.

 Country                 Median    Mean         Inequality
1. United States    $ 44,977    $344,692   7.66
2. Denmark    $ 52,279    $259,816   4.97
3. Germany    $ 42,833    $185,175   4.32
4. Austria    $ 52,519    $206,002   3.92
5. Israel    $ 54,384    $176,263   3.24
6. Kuwait    $ 40,803    $119,038   2.92
7. Finland    $ 52,427    $146,733   2.80
8. Canada    $ 96,664    $270,179   2.80
9. Taiwan    $ 63,134    $172,847   2.74
10. Singapore    $101,386    $276,885   2.73
11. United Kingdom    $107,865    $288,808   2.68

Wow, the inequality of united states is  54.12 % higher than denmark. It is clearly state that citizen of usa, please ask your representtives to do and act with actions! ! !

that tell you a lot why their debt is so high, it mean that the rich people are evading taxes without problem and the debts is raising fast because of their bad behaviour, rich are getting more richer in USA than other country, this would be good to compare with bitcoin inequality, i'm sure bitcoin is better now with all the distribution

[gentlemand]

Its unfortunate how bad inequality in USA is this bad. Even though I am an advocate of capitalism as I believe this brings out the best in the country and also creates an environment where individuals can expand to the maximum capacity, I also will not undermine the responsibility of government to keep the gap at check in other not to give room for anarchy and lawlessness in the society.

The US has gone one further than anyone else and pretty much rolled over to the will of corporate psychopaths. The same of course applies elsewhere but they add a little bit of tinsel to make it palatable.

A prime example of this is a nurse I knew in Denver. She was English but had worked at the same hospital for 35 years. Her brother was dying back in the UK. She asked for a month off (unpaid) to say her goodbyes. Her bosses said 'sure, but you'll have to reapply for your job when you get back.'

Now if that had happened in the UK the hospital would've gotten its arse torn off by the press at least, and possibly the law. Not in America. That's just business.

[mindrust]

Killing the middle class won't do any good to any country. If you want be like China where there are only slaves and masters, keep it up. These numbers not a fault of the system, it's clearly a taxing problem. It seems the USA having difficulties while taxing the richest people. There is no other explanation to that chart.

Capitalism is wild and America is capitalism. Sorry about the nurse btw.

[suredoood]

Yeah, as an American I can say that it really doesn't help when we have a democratically flawed system. Those of you that know about Howard Zinn know that he talked about this specific issue in American a long time ago. The problem is that our elected officials are all funded by corporate entities and/or rich people involved in corporate entities, this means that the elected officials have to live up to what those rich people want otherwise the rich people will instead fund their opponent. This system puts some people in front of most in terms of representation and puts their monetary wants in front of the real issues in America.

The problem is that this goes so deep into the government that it becomes extremely difficult to fix.

[Mometaskers]

How could it have ended like this? Do you think this all have to do with tax evasion? I mean, Americans are definitely not poor but why is it that wages don't seem to be rising? Now I'm curious if a flat tax rate would make a difference here.

Welcome to a capitalist centered world we live in. If you want to even the playing field then oust every democratic capitalist governments and change it a communist government. Though, don't expect progress as much as we are getting right now if it will be a communist one. Well, the rich will not always be rich, there will come a time that they will lose it all. They will not live forever. They cannot amass every single dollar in the world before they die.

Yup. That's what estate taxes are supposed to be for, I guess. Though I heard here in my country, when a rich man is about to die they call the lawyer first before a priest. Supposedly it's for transferring properties.

Killing the middle class won't do any good to any country. If you want be like China where there are only slaves and masters, keep it up. These numbers not a fault of the system, it's clearly a taxing problem. It seems the USA having difficulties while taxing the richest people. There is no other explanation to that chart.

Capitalism is wild and America is capitalism. Sorry about the nurse btw.

True to this. China is only communist now by name. Marx would probably be turning in his grave right now.

[Chikito]

only an illusion, and only the utopian mind shade. a contradiction between the rich and the poor will not be resolved until the end of time, and if all the rich then the imminent destruction of the world and the apocalypse. but if the gap is not too much going on maybe the world would be better, criticism appropriately increase the wages becomes maximal and to improve living conditions become very feasible, or providing appropriate housing and farmer workers in spite of conservative thought.

[Kimi80]

First I'm surprised that there is no India, Turkey, Brazil and some other countries, difference in this places is insane. I wonder about this data's, are they correct, and how we read this and many other and things stay the same? What we need to do to change this? Enough of bla, bla bla, everyone knows about this and nobody is doing nothing to stop this madness. WHY?

[Sundark]

only an illusion, and only the utopian mind shade. a contradiction between the rich and the poor will not be resolved until the end of time,

No. You are wrong here. We we study history we can see that there were "resets" before, called revolutions.
When level of inequality will reach certain level society will rebel, we had french revolution and October Revolution in Russia.
Current generation can't remember that but it will happen in the future as well, world order will reset.

[vnvizow]

Congratulation to USA as the top wealth inequality of developed nation among others.
Let us look closely on data, I have summarized the data from one of the report http://publications.credit-suisse.com/tasks/render/file/index.cfm?fileid=AD783798-ED07-E8C2-4405996B5B02A32E .
 The inequality is calculated by using mean wealth divide with median wealth. If you learn math before, you should know what is mean and median and hence inequality can be calculated from those two values.

 Country                 Median    Mean         Inequality
1. United States    $ 44,977    $344,692   7.66
2. Denmark    $ 52,279    $259,816   4.97
3. Germany    $ 42,833    $185,175   4.32
4. Austria    $ 52,519    $206,002   3.92
5. Israel    $ 54,384    $176,263   3.24
6. Kuwait    $ 40,803    $119,038   2.92
7. Finland    $ 52,427    $146,733   2.80
8. Canada    $ 96,664    $270,179   2.80
9. Taiwan    $ 63,134    $172,847   2.74
10. Singapore    $101,386    $276,885   2.73
11. United Kingdom    $107,865    $288,808   2.68

Wow, the inequality of united states is  54.12 % higher than denmark. It is clearly state that citizen of usa, please ask your representtives to do and act with actions! ! !

Not surprising when they host most of the Forbes500 as well as the 8 billionaires who hold 44% of the world's wealth. (and the Rothschild stuff if you believe in it)

[Iranus]

Congratulation to USA as the top wealth inequality of developed nation among others.
Let us look closely on data, I have summarized the data from one of the report http://publications.credit-suisse.com/tasks/render/file/index.cfm?fileid=AD783798-ED07-E8C2-4405996B5B02A32E .
 The inequality is calculated by using mean wealth divide with median wealth. If you learn math before, you should know what is mean and median and hence inequality can be calculated from those two values.

 Country                 Median    Mean         Inequality
1. United States    $ 44,977    $344,692   7.66
2. Denmark    $ 52,279    $259,816   4.97
3. Germany    $ 42,833    $185,175   4.32
4. Austria    $ 52,519    $206,002   3.92
5. Israel    $ 54,384    $176,263   3.24
6. Kuwait    $ 40,803    $119,038   2.92
7. Finland    $ 52,427    $146,733   2.80
8. Canada    $ 96,664    $270,179   2.80
9. Taiwan    $ 63,134    $172,847   2.74
10. Singapore    $101,386    $276,885   2.73
11. United Kingdom    $107,865    $288,808   2.68

Wow, the inequality of united states is  54.12 % higher than denmark. It is clearly state that citizen of usa, please ask your representtives to do and act with actions! ! !

aaaand? why should wealth inequality matter at all when everyone can live next to bill gates, jeff bezos, or steve jobs? those three men provided a service for a price, and raised everyone living standards as a result. the wealth inequality argument for socialism is retarded, if that whats your post was aimed at.

No one actually argued for socialism - clearly the comparison was between America and European countries, and that broadly, Europe's brand of capitalism results in less extreme wealth inequality.

Notably, Bill Gates, Steve Jobs and Jeff Bezos did not provide a service.  Their employees did, and yet their employees did not receive the appropriate value of the labour that they did - hence why some people become so rich, surplus labour value.  Just like how owning a machine does not mean that you made the cloth from it - it was done by a mixture of the workers and the machines, but people who own this property feel that they have a right to more than an amount of money proportionate to the amount of work they did.

Even in European countries this is a problem, but without socialism which is often economically flawed there are no viable solutions, so all America can do is adopt the slightly less right wing systems of countries like Sweden and Norway, which have very high standards of living and economies, as well as being havens for social progression in my opinion.

[xuan87]

It can't be helped but it is the fact that now you need money to earn money, so the rich will get richer and the poor will get poorer, that's the reality of our society, it's not only happened in USA but all over the world and I think it is be good if the rich people help the poor people so it can narrow the inequality gap

[Doms]

It can't be helped but it is the fact that now you need money to earn money, so the rich will get richer and the poor will get poorer, that's the reality of our society, it's not only happened in USA but all over the world and I think it is be good if the rich people help the poor people so it can narrow the inequality gap

Not a lot is being done by the governments to lessen the gap between the rich and the poor. Most everywhere you go, the wealthy always have better access to services and sometimes they are not being taxed proportionally to what they earn, compared to the masses who are being taxed until they bleed. This inequality is not going nowhere as we see how the poor remains poor while the rich, with all their connections and power, become even richer.