Wealth inequality among the world , USA you are the best. - page 2.

Vaccinus

sr. member

Activity: 406

Merit: 250

Quote from: sekaiissobig on March 20, 2017, 08:35:38 AM

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

webtricks

legendary

Activity: 1918

Merit: 1728

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.

Genesis1337

full member

Activity: 154

Merit: 100

Quote from: sekaiissobig on March 20, 2017, 08:35:38 AM

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.

pearlmen

sr. member

Activity: 322

Merit: 250

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.

Sundark

hero member

Activity: 560

Merit: 502

Quote from: Qartersa on March 20, 2017, 10:22:23 AM

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.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

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.

Qartersa

hero member

Activity: 868

Merit: 535

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.

Snorek

legendary

Activity: 1400

Merit: 1001

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.

sekaiissobig

full member

Activity: 238

Merit: 100

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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