Does Income Inequality Matter?

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."

Comments

News For Nerds??!!

[Anonymous Coward]

What the hell does this have to do with news for nerds?? Are there any real economists reading this site? I predict all the comments will come from whiny teenagers and college students complaining how much money some people make and determine what it should be. Like they have any real clue.

I like how any offtopic slashdot stories always revolve around left-wing babble. This has really turned into slashkos.

moD uP

[Anonymous Coward]

has been my only Sales and so on, ago, many of you aashole about.' One

Offtopic.

[clintp]

When did the financial pundits spewing pseudofacts about income inequity become "News for nerds. Stuff that matters."?

Re:Inequality matters - and it's usually good

[mcrbids]

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You *can* get more involved, but you don't have to. They kick out reports periodically to indicate the average size of loan, the amount of money loaned, ROI, etc.

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