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Does Income Inequality Matter?

Posted by Cliff on from the an-issue-worth-discussing dept.

theodp is concerned about the following: "Alarmed by Goldman Sachs CEO Lloyd Blankfein's record-setting $53M bonus, Charles Wheelan (aka The Naked Economist) argues that income inequality matters. Wheelan notes that the Gini Coefficient (a measure of income inequality) for the U.S. has been moving away from countries like Japan and Sweden and closer to that of Brazil, where the murder rate is 5X that of NYC and crime is materially impacting GDP."

6 of 1,186 comments (clear)

  1. Re:Correlation... causation by Wandering+Wombat · · Score: 5, Funny
    What the hell are you doing posting on Slashdot? You're obviously WAY too smart for that.

    Mod parent up, big time.

    --
    I like to place meaningful quotes in my sig, so people will know that I know what meaningful quotes are.
  2. Ob Homer Simpson quote by RPGonAS400 · · Score: 3, Funny

    Lisa, if you don't like your job you don't strike. You just go in every day and do it really half-assed. That's the American way. -- Homer Simpson

  3. Re:Correlation... causation by DoofusOfDeath · · Score: 2, Funny
    ... results in greater civil unrest, which will often manifest as violence and other criminal activity (looting, etc).
    That's totally correct according to my experience. The other night, the Russians had a war that lasted too long, and like even the people in Minsk rioted, and they totally trashed the temple. Man, Civ III is awesome...
  4. Does income inequality matter? by Skim123 · · Score: 2, Funny

    Short answer "No" with a "but", long answer "Yes" with an "if".

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    I could not justify my existence if I were a turkey farmer. Would I terminate myself? Undoubtably, yes.

  5. Re:Correlation... causation by Knuckles · · Score: 2, Funny

    In most third world countries ... the people at the top do far less work and produce far less goods than the people at the bottom

    Atlas Shrugged is about the *only* place were the people at the top work and produce more than the people at the bottom ;)

    --
    "When I first heard Daydream Nation it quite frankly scared the living shit out of me." -- Matthew Stearns
  6. Re:Correlation... causation by Xeth · · Score: 2, Funny
    To me, the only currency that matters, the only one whose value is fixed and whose purpose is clear, is energy.
    Human: correct in making leap from energy as power to energy as currency.
    --
    If your theory is different from practice, then your theory is wrong.