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Sun Jan 27, 2013, 10:45 AM

U.S. Income Inequality Worse Than Many Latin American Countries


from HuffPost:



Latin America has long been viewed as a region plagued by some of the worst wealth inequality in the world.

But in recent years, those figures have turned around, while in the United States income inequality is on the rise.

Adam Isacson, analyst for the Washington Office on Latin America, notes the change on his blog. According to recent figures on income published by the U.N. Economic Commission for Latin America and the Caribbean, the U.S. income gap now exceeds that of several countries in the Americas. As Isacson writes:

The United States (wealthiest 20% earns 16 times more than the poorest 20%) is now in the middle of the pack. In 1980, the U.S. number was 10.5.




Uruguay -- whose famously humble president José “Pepe Mujica donates 90 percent of his salary to charity -- ranks as the most equitable country in Latin America, with the wealthiest 20 percent brining in 8 times more than the poorest 20 percent. Venezuela comes in at number two. ..................(more)

The complete piece is at: http://www.huffingtonpost.com/2013/01/27/us-income-inequality-wors_n_2561123.html?utm_hp_ref=politics&ir=Politics&ncid=edlinkusaolp00000009



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Reply U.S. Income Inequality Worse Than Many Latin American Countries (Original post)
marmar Jan 2013 OP
woo me with science Jan 2013 #1
samsingh Jan 2013 #2
woo me with science Jan 2013 #3
Fire Walk With Me Jan 2013 #4
limpyhobbler Jan 2013 #5
hfojvt Jan 2013 #6
Wounded Bear Jan 2013 #7
edhopper Jan 2013 #8
pampango Jan 2013 #9
woo me with science Jan 2013 #10

Response to marmar (Original post)

Sun Jan 27, 2013, 12:14 PM

1. K&R

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Response to marmar (Original post)

Sun Jan 27, 2013, 12:23 PM

2. kick

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Response to marmar (Original post)

Sun Jan 27, 2013, 01:34 PM

3. kick

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Response to marmar (Original post)

Sun Jan 27, 2013, 01:52 PM

4. K&R!

 

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Response to marmar (Original post)

Sun Jan 27, 2013, 03:58 PM

5. bummer

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Response to marmar (Original post)

Sun Jan 27, 2013, 04:22 PM

6. I am so glad

that they did not use the stupid Gini index.

I would also note that when they are rating inequality, they are talking about the top 20% and not just the top 1%.

The recent Obama tax cuts, give $2.4 trillion to the top 20% and only $111 billion to the bottom 20%.

Maybe Obama is hoping we can catch up to Brazil.

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Response to marmar (Original post)

Sun Jan 27, 2013, 04:41 PM

7. It's a bogus comparison....

because......uh......well.......because our population is so much bigger.

Yeah, that's it.

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Response to Wounded Bear (Reply #7)

Sun Jan 27, 2013, 04:44 PM

8. No. it's bogus cause

we got FREEDOM, FREEDOM I tell ya!

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Response to marmar (Original post)

Sun Jan 27, 2013, 04:52 PM

9. That's great news. Now we're not only behind Europe, Canada, Australia and Japan but

much of Latin America as well in terms of income equality. Still wouldn't want to raise taxes on the rich now would we? Let's impose some more austerity.

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Response to marmar (Original post)

Sun Jan 27, 2013, 06:08 PM

10. kick

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