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Author Topic: Wealth inequality among the world , USA you are the best.  (Read 1165 times)
panju1
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March 22, 2017, 05:08:15 AM
 #21

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.

That is one way to calculate the skew in distribution, but is it an appropriate way to measure income inequality? You could have a bell curve, with mean = median and lots of income inequality.
The more accepted means of inequality is the Ginni Coefficient.
http://www.investopedia.com/terms/g/gini-index.asp
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olubams
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March 22, 2017, 09:18:01 AM
 #22

Its obvious even from elementary economics that USA is the father of capitalism and this coming out is not a surprise to me. However, its not all bad for capitalism as countries that have different ideologies have not fared any better in terms of reducing the gap between the rich and the poor. The onus I see is on government to try reduce the gap because when it becomes too much then the outcome might result into the breakdown of law and order...
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March 22, 2017, 09:45:31 AM
 #23

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.

yes, revolutions happen by itself, when the majority of people are ready for a revolution. requirements must be fulfilled requirements of the revolution, but now human consciousness is stepping into the world of technology, and approaches to liberate conservative paradigm is very difficult, maybe I was going to mention that I was one of the postmodern trash.

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Xester
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March 22, 2017, 11:47:32 AM
 #24

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! ! !




Compared to Denmark America has a large territorial  political boundary and that means the population is much higher than Denmark. The display in numbers is not something to be shocked at since there are more people in the United States than in Denmark. The more people a nation has the more gaps and grey areas that the government must looked at. In short what I mean is given the large number of Americas population inequality is normal.
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March 22, 2017, 07:06:25 PM
 #25

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.
Communism is not the answer, it has failed every time it has been tried what it needs to happen is that wages need to be fair, while capitalism is the only economic system that works limits need to be put on, similar to what happen to the trains in the beginning of the 20 century.

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Winchester2211
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March 22, 2017, 08:52:03 PM
 #26

Money always flow in one pocket. They remind me of mercury. Gradually the rich people are concentrated in the same hands. It does not depend on the country. Just in America more rich people and they quickly concentrated capital.
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March 22, 2017, 09:50:02 PM
 #27

I don't see anything wrong with inequality. People are different, nations are different.
Do you expect a lazy person to be as successful as a workaholic? Do you expect a physical worker somewhere in Somalia to have the same chance of being wealthy as a lawyer's son in New York? You can't equalize the world and money will always bring more money, so being rich makes it easy for you to become richer, while a poor guy will struggle with everyday needs and will never find money to invest or start a business.
bryant.coleman
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March 23, 2017, 07:15:55 AM
 #28

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.
Communism is not the answer, it has failed every time it has been tried what it needs to happen is that wages need to be fair, while capitalism is the only economic system that works limits need to be put on, similar to what happen to the trains in the beginning of the 20 century.

Communism is an obsolete ideology. According to the communists, workers need to be paid, even if they are absent from work. I have seen such consequences of communism where I live. Sometimes these people torch factories and assembling plants, if disciplinary action is taken against any of their colleagues. Communism only encourages incompetency, anarchy and unproductivity.
South Park
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March 23, 2017, 07:56:19 PM
 #29

I don't see anything wrong with inequality. People are different, nations are different.
Do you expect a lazy person to be as successful as a workaholic? Do you expect a physical worker somewhere in Somalia to have the same chance of being wealthy as a lawyer's son in New York? You can't equalize the world and money will always bring more money, so being rich makes it easy for you to become richer, while a poor guy will struggle with everyday needs and will never find money to invest or start a business.
Differences in the income will happen that is true but at the same time, the disparity has grown to levels that are almost ridiculous with just a few individuals holding most of the wealth of the world, so something must be done in order to reduce the gap somehow.

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