Hi Richard Ruquist >From what you say, also interesting is that democrats--those folks who hate the rich--have made the rich richer.
[Roger Clough], [[email protected]] 12/25/2012 "Forever is a long time, especially near the end." -Woody Allen ----- Receiving the following content ----- From: Richard Ruquist Receiver: everything-list Time: 2012-12-24, 12:03:15 Subject: Re: Re: clearing up the confusion on the fairness index Interesting Roger, According to these charts the richest people have always increased their wealth under democratic presidents whereas they have always decreased wealth under republican presidents except for the first half of Reagan, which seemed to be a continuation of their increased wealth under Carter. But the usual republican wealth decrease kicked in during Reagan's 2nd term and continued under Bush. Same thing happened under Bush II. The increase was followed by an equal 2nd term decrease. Conservatism, at least the republican brand, does not work for the very wealthy. Richard Richard On Mon, Dec 24, 2012 at 11:48 AM, Roger Clough <[email protected]> wrote: > Hi meekerdb > > http://en.wikipedia.org/wiki/Income_inequality_in_the_United_States > > > This graph shows the income of the given percentiles from > 1947 to 2010 in 2010 dollars. The 2 columns of numbers in the > right margin are the cumulative growth 1970-2010 and the > annual growth rate over that period. The vertical scale is > logarithmic, which makes constant percentage growth > appear as a straight line. From 1947 to 1970, > all percentiles grew at essentially the same rate; the light, straight > lines for the different percentiles for those years all have the same > slope. > Since then, there has been substantial divergence, with > different percentiles of the income distribution growing at different > rates. > For the median American family, this gap is $39,000 per year (just over > $100 per day): > If the economic growth during this period had been broadly shared > as it was from 1947 to 1970, the median household income would > have been $39,000 per year higher than it was in 2010. This plot was > created by combining data from the US Census > Bureau[48]<http://en.wikipedia.org/wiki/Income_inequality_in_the_United_States#cite_note-48> > and the US Internal Revenue > Service.[49]<http://en.wikipedia.org/wiki/Income_inequality_in_the_United_States#cite_note-49>There > are systematic > differences between these two sources, but the differences are small > relative to the scale of this > plot.[50]<http://en.wikipedia.org/wiki/Income_inequality_in_the_United_States#cite_note-50> > > > > > > > > > > > > > > > > > > > > > > > > > [Roger Clough], [[email protected]] <[email protected]]> > 12/24/2012 > "Forever is a long time, especially near the end." -Woody Allen > > > ----- Receiving the following content ----- > *From:* meekerdb <[email protected]> > *Receiver:* everything-list <[email protected]> > *Time:* 2012-12-22, 15:35:27 > *Subject:* Re: clearing up the confusion on the fairness index > > On 12/22/2012 3:35 AM, Roger Clough wrote: > > Hi Hal Ruhl > > Sure, wealth inequality has gotten linearly greater, > but the economy has grown much faster (exponentially), > so we are all getting richer, fairness or not. > > > > That only means *some* of us are getting richer, specifically those that > are rich. The median income, corrected for inflation is essentially flat. > And "exponential" doesn't mean "faster" no matter what the media think. > It's simple mathematics that the gini isn't going to "grow exponentially" > because it's a fraction and it's bounded by 1.0 above (complete inequality > in which everything belongs to one person). > > 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. > -- 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. -- 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.
