Hi meekerdb I should have said real per person income instead of growth rate, but they are in the same ball park:
I subsequently found, in a followup email, that although the gini factor shows inequality in the USA to becoming greater, the effect over the last 40 years (gini up by a factor of 1.17) is small in comparison to the inflation-adjusted GDP per person (up by a factor of 3.3) and inflation-adjusted per person income (up by a factor of about 2.5). So, taking the least figure, while the gini increased by 17%, the income increased by about 250%, or greater than ten times the increase in gamma. So we're all doing much better. [Roger Clough], [[email protected]] 12/18/2012 "Forever is a long time, especially near the end." -Woody Allen ----- Receiving the following content ----- From: meekerdb Receiver: everything-list Time: 2012-12-17, 20:13:12 Subject: Re: clearing up the confusion on the fairness index On 12/17/2012 1:41 PM, Roger Clough wrote: But if the gini coefficient can actually change the growth rate, artificially lowering the gini coefficient by increased taxation of the rich (redistributing the income) hurts the growth rate, so we all get poorer. A Reaganomics myth. It wasn't true in the 1950's and it isn't true now. Where's your data. Brent -- You received this message because you are subscribed to the Google Groups "Everything List" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/everything-list?hl=en.
