Interesting:<\/p>\n
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.<\/p>\n
It\u2019s incredible but now that I think of it, I can\u2019t recall any inequality studies adjusting for age.<\/p>\n
via Inequality would exist in a society with equal incomes \u00ab Nation of Beancounters<\/a>.<\/p><\/blockquote>\n
I can;t help but suspect that he has simply not discerned age adjustments. but I don’t know. \u00a0I shall have to check.<\/p>\n
\r\n\r\n \r\n <\/i>\r\n <\/a>\r\n <\/span>\r\n<\/div>\r\n \r\n <\/i>\r\n <\/a>\r\n <\/span>\r\n<\/div><\/div>","protected":false},"excerpt":{"rendered":"Interesting:<\/p>\n
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.<\/p>\n
It\u2019s incredible but now that I think of it, I can\u2019t recall any inequality studies adjusting for age.<\/p>\n
via Inequality would exist in a society with equal incomes \u00ab Nation of Beancounters<\/a>.<\/p>\n
I can;t help but suspect … Continue reading