This entry was posted on Monday, January 9th, 2012 at 22:17 and is filed under Think about it..
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One Response to “Income Inequality Myths: No, the Rich Didn’t Steal All the Money”
Interesting, but not that informative. ‘It’s not as bad as you think’ is not a refutation of the fact that it is, in fact, bad.
One of the areas not addressed by either side in this argument is not where the income is going, but rather where it is coming from. (My engineering curiosity at work.)
I vaguely remember having seen or heard numbers which indicate that approx. 60% of current collective income at present is derived from the financial sector. In other words, the income inequality derives from bankers and stockbrokers making a greater percentage of the income vs. other sectors of the economy which have stagnated. I’d dearly love to see some sort of in-depth analysis of this aspect, as I think it would provide a much more balanced picture of what’s really going on. As it stands, people are arguing while only in possession of half the facts.
January 10th, 2012 at 07:01
Interesting, but not that informative. ‘It’s not as bad as you think’ is not a refutation of the fact that it is, in fact, bad.
One of the areas not addressed by either side in this argument is not where the income is going, but rather where it is coming from. (My engineering curiosity at work.)
I vaguely remember having seen or heard numbers which indicate that approx. 60% of current collective income at present is derived from the financial sector. In other words, the income inequality derives from bankers and stockbrokers making a greater percentage of the income vs. other sectors of the economy which have stagnated. I’d dearly love to see some sort of in-depth analysis of this aspect, as I think it would provide a much more balanced picture of what’s really going on. As it stands, people are arguing while only in possession of half the facts.