Comments on: The Gini Coefficient: Income Inequality Around The Globe

By: Alan MacDonald

Alan MacDonald — Mon, 19 Mar 2012 21:57:00 +0000

Alan Greenspan admitted to US GINI of .49 as of his Congressional Hearing in 2009 about the financial crisis (looting) on Wall Street

By: FredHead

FredHead — Mon, 12 Mar 2012 09:14:00 +0000

Thanks for your nice information,

By: Chuck

Chuck — Fri, 22 Jul 2011 14:59:00 +0000

You miss the point. The GINI index does not measure whether the rich gets richer. In a way, it is measuring whether everybody is getting to benefit as well.

In your example, if indeed the rich gets richer and they indeed invested in business that employ people, the index would not go up. But, if they took the money and just hoarded it (or used it to invest in another country), thus not hiring anybody, the index would go up.

By: David Johnson

David Johnson — Wed, 06 Jul 2011 05:06:00 +0000

Inflation benefits the wealthy (who can afford property and stocks) but
hurts the rest who can’t. This is one of the major causes of widening
gap between the rich and the poor.

“Someone is always the first to possess the new money and
the first to be able to spend it. These first beneficiaries are the
inflation winners—they enjoy an incalculable advantage, for they can
make purchases on the market at old prices, before the new demand
drives prices higher. However, those who are last in line to get the
new money are the inflation losers, forced to pay much higher prices.” — Claus Vogt, The Global Debt Trap

By: David Johnson

David Johnson — Wed, 06 Jul 2011 05:06:00 +0000

Inflation benefits the wealthy (who can afford property and stocks) but
hurts the rest who can’t. This is one of the major causes of widening
gap between the rich and the poor.

By: David Johnson

David Johnson — Wed, 06 Jul 2011 05:03:00 +0000

Inflation has a lot to do with it as the new money reaches the 1% first, which gives them an incalculable advantage over those who see the new money much later.

By: income instrument

income instrument — Wed, 15 Jun 2011 16:39:00 +0000

That's great...It is quit easy to measure the income of United State with the help of map.I think income instruments consist such type of map to measure the income of the corresponding area.

By: income instrument

income instrument — Wed, 15 Jun 2011 11:50:00 +0000

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By: Carnivals and Links, Week of January 25th – Don’t Quit Your Day Job

Carnivals and Links, Week of January 25th – Don’t Quit Your Day Job — Tue, 02 Feb 2010 07:08:32 +0000

[...] “The Gini Coefficient: Income Inequality Around the Globe” – the Weakonomist graphed Gini Coefficients (one measure of income equality) around the globe, and his results are interesting. The United States has the 45th highest income inequality, from his CIA Factbook link. [...]

By: LeanLifeCoach

LeanLifeCoach — Wed, 27 Jan 2010 04:28:39 +0000

If the rich get richer but they are provided an incentive to invest in businesses that employ people, is it all bad? .-= LeanLifeCoach´s last blog ..If You Lived 130 Years? =-.