Quote: (12-31-2012 04:26 PM)tenderman100 Wrote:
"Income Inequality" is a useless metric.
Suppose in Year 1 we have one guy who makes $100k, and another guy who makes $30k. Next year, the first guy makes $200K, and the second guy makes $60k. Both guys have doubled their income, but income inequality is TWICE as great as in the previous year.
Which situation would YOU want?
In other words, if the pie gets bigger, my proportional slice ALSO gets bigger, even as the relative difference may INCREASE.
This basic understanding of rates of change is beyond most leftists. It's why so few take calculus.
As I stated prior, this scenario isn't what's happening. Yes, it may happen at the individual level, but at the aggregate level, middle income people are not doubling their incomes relative to inflation. So your point may make sense in theory, but in reality that's just the what's happening out there.