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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Tenchusatsu who wrote (702494)3/5/2013 12:03:17 AM
From: SilentZ  Read Replies (1) | Respond to of 1573116
 
>If the top 20% can "collectively" make only 3X as much as the bottom 20%, and the distribution of wealth is more gradual between the quintiles, how much room do you think there is for statistical deviation within each of the five quintiles?

Plenty. The American economy has been a lot closer than that in the past.

If we were to cut the gap between the richest people, like Gates and Buffett, with, say, a janitor, by 2/3rds, they'd still have like $15 billion. Hardly poverty.

But regardless, the American economy reflects what the top 1% want much more than it reflects what the bottom 50% want. And that's a problem in a democracy.

-Z