State of Income Inequality
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A State of Income Inequality is an economic state with a relatively high income variance value.
- AKA: State of High Income Variance.
- Context:
- It can (typically) be associated with a State of Wealth Inequality.
- It can (typically) be a component of an Unequal Society.
- …
- Counter-Example(s):
- See: Gini Economic Inequality Index.
References
2012
- (Murray, 2012) ⇒ Charles Murray. (2012). “Coming Apart: The State of White America, 1960-2010." Crown Publishing Group. ISBN:030745343X
- QUOTE: Realistically, rolling back the disposable income of the new upper class in a major way is not an option. The American political culture doesn’t work that way. The same Congress that passes higher marginal tax rates in this session will quietly pass a host of ways in which income can be sheltered and companies can substitute benefits for cash income in the next session. The new upper class will remain wealthy, and probably continue to get wealthier, no matter what. ...
... Changing the new upper class by force majeure won’t work and isn’t a good idea in any case. The new upper class will change only if its members decide that it is in the interest of themselves and of their families to change.
- QUOTE: Realistically, rolling back the disposable income of the new upper class in a major way is not an option. The American political culture doesn’t work that way. The same Congress that passes higher marginal tax rates in this session will quietly pass a host of ways in which income can be sheltered and companies can substitute benefits for cash income in the next session. The new upper class will remain wealthy, and probably continue to get wealthier, no matter what. ...
2003
- (Piketty & Saez, 2003) ⇒ Thomas Piketty, and Emmanuel Saez. (2003). “Income Inequality in the United States, 1913--1998.” In: The Quarterly Journal of Economics, 118(1). doi:10.1162/00335530360535135