Monthly Archives: October 2011

Inequality would exist in a society with equal incomes « Nation of Beancounters

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Interesting:

To examine how much inequality you would get even in a perfectly equal society, I whipped up a simple Python script to compute wealth distribution in a society where every person works for the exact same salary (this should be enough equality for anybody, yes?) of which he saves the exact same amount. For a 5% annual interest rate, the five wealth quintiles controlled 2, 7, 15, 28, and 47 percent of total wealth, respectively. For 10%, these quintiles controlled 0, 4, 10, 25 and 60 percent of wealth.

It’s incredible but now that I think of it, I can’t recall any inequality studies adjusting for age.

via Inequality would exist in a society with equal incomes « Nation of Beancounters.

I can;t help but suspect … Continue reading →

Who is "Occupying Wall Street" and Why?

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[pullquote]this President toys with civil war[/pullquote]If you have ever wondered just what a “Community Organizer” actually does, look no further than this evening’s coverage of unemployed masses now demanding the livelihoods, the liberties, and the very lives of their fellow Americans.  No President has ever been more divisive.  Abraham Lincoln led us into war to abolish slavery–the divisions were already there and in the end, he united us.  This President toys with civil war as an acceptable collateral risk inherent in his program, and if you are reading this, odds are he is not on your side.  If you are reading this, odds are he has already lumped you in as an enemy.

[pullquote]I find it difficult to criticize the individuals[/pullquote]I look at the news and I reach … Continue reading →