Quote from: Genesis1337 on March 20, 2017, 05:13:46 PM

Quote from: sekaiissobig on March 20, 2017, 01:35:38 PM

Congratulation to USA as the top wealth inequality of developed nation among others.
Let us look closely on data, I have summarized the data from one of the report http://publications.credit-suisse.com/tasks/render/file/index.cfm?fileid=AD783798-ED07-E8C2-4405996B5B02A32E .
The inequality is calculated by using mean wealth divide with median wealth. If you learn math before, you should know what is mean and median and hence inequality can be calculated from those two values.

Country Median Mean Inequality
1. United States    $ 44,977    $344,692   7.66
2. Denmark    $ 52,279    $259,816   4.97
3. Germany    $ 42,833    $185,175   4.32
4. Austria    $ 52,519    $206,002   3.92
5. Israel    $ 54,384    $176,263   3.24
6. Kuwait    $ 40,803    $119,038   2.92
7. Finland    $ 52,427    $146,733   2.80
8. Canada    $ 96,664    $270,179   2.80
9. Taiwan    $ 63,134    $172,847   2.74
10. Singapore    $101,386    $276,885   2.73
11. United Kingdom    $107,865    $288,808   2.68

Wow, the inequality of united states is 54.12 % higher than denmark. It is clearly state that citizen of usa, please ask your representtives to do and act with actions! ! !

aaaand? why should wealth inequality matter at all when everyone can live next to bill gates, jeff bezos, or steve jobs? those three men provided a service for a price, and raised everyone living standards as a result. the wealth inequality argument for socialism is retarded, if that whats your post was aimed at.

No one actually argued for socialism - clearly the comparison was between America and European countries, and that broadly, Europe's brand of capitalism results in less extreme wealth inequality.

Notably, Bill Gates, Steve Jobs and Jeff Bezos did not provide a service. Their employees did, and yet their employees did not receive the appropriate value of the labour that they did - hence why some people become so rich, surplus labour value. Just like how owning a machine does not mean that you made the cloth from it - it was done by a mixture of the workers and the machines, but people who own this property feel that they have a right to more than an amount of money proportionate to the amount of work they did.

Even in European countries this is a problem, but without socialism which is often economically flawed there are no viable solutions, so all America can do is adopt the slightly less right wing systems of countries like Sweden and Norway, which have very high standards of living and economies, as well as being havens for social progression in my opinion.