Field of Science

Tom Tomorrow on tomorrow's income inequality

It's been a long, long time since income inequality in the USA has been as great as it is today.  The top 1% are worth as much as the bottom 50% and the difference is growing.  How will this end up?  Hard to say. So it's good to have such excellent prognosticators as Tom Tomorrow who can clearly see where this all is heading. See if any of the talking points sound familiar.


William M. Connolley said...

> 1% are worth as much as the bottom 50%

Be careful with stats like that. The bottom X% (perhaps its 50, perhaps 30) have no net worth at all, because their debts balance their assets. You, or I, have net assets greater than the bottom X%.

[I do hope this doesn't appear twice]

The Phytophactor said...

Well, that is a good point. Is it supposed to make me feel better?