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Inequality In America Is Worse Than In Egypt, Tunisia Or Yemen
Posted By admin On January 30, 2011 @ 6:50 am In Money Watch | Comments Disabled
Washington’s Blog 
Jan 30, 2011
However, the U.S. actually has much greater inequality than in any of those countries.
Specifically, the “Gini Coefficient” – the figure economists use to measure inequality – is higher in the U.S.
[Click for larger image ]
Gini Coefficients are like golf – the lower the score, the better (i.e. the more equality).
According to the CIA World Fact Book , the U.S. is ranked as the 42nd most unequal country in the world, with a Gini Coefficient of 45.
And inequality in the U.S. has soared  in the last couple of years, since the Gini Coefficient was last calculated, so it is undoubtedly currently much higher.
So why are Egyptians rioting, while the Americans are complacent?
Well, Americans – until recently – have been some of the wealthiest people in the world, with most having plenty of comforts (and/or entertainment) and more than enough to eat.
But another reason is that – as Dan Ariely of Duke University and Michael I. Norton of Harvard Business School demonstrate  – Americans consistently underestimate the amount of inequality in our nation.
As William Alden wrote  last September:
Americans vastly underestimate the degree of wealth inequality in America, and we believe that the distribution should be far more equitable than it actually is, according to a new study.
Or, as the study’s authors put it: “All demographic groups — even those not usually associated with wealth redistribution such as Republicans and the wealthy — desired a more equal distribution of wealth than the status quo.”
The report … “Building a Better America — One Wealth Quintile At A Time” by Dan Ariely of Duke University and Michael I. Norton of Harvard Business School … shows that across ideological, economic and gender groups, Americans thought the richest 20 percent of our society controlled about 59 percent of the wealth, while the real number is closer to 84 percent.
Here’s the study:
norton ariely in press  -
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URLs in this post:
 Washington’s Blog: http://www.washingtonsblog.com/2011/01/inequality-is-worse-in-america-than-in.html
 Egyptian: http://www.google.com/search?q=riots+egypt+inequality&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a#sclient=psy&hl=en&client=firefox-a&hs=60e&rls=org.mozilla:en-US%3Aofficial&q=egypt+inequality+%28riots+OR+protest%21+OR+revolution%29&aq=f&aqi=&aql=&oq=&pbx=1&fp=dded8f20a6bb9442
 Tunisian: http://www.google.com/search?q=riots+egypt+inequality&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a#sclient=psy&hl=en&client=firefox-a&rls=org.mozilla:en-US%3Aofficial&q=tunisia+inequality+%28riots+OR+protest%21+OR+revolution%29&aq=f&aqi=&aql=&oq=&pbx=1&fp=dded8f20a6bb9442
 Yemeni: http://www.google.com/search?q=riots+egypt+inequality&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a#sclient=psy&hl=en&client=firefox-a&rls=org.mozilla:en-US%3Aofficial&q=yemen+inequality+%28riots+OR+protest%21+OR+revolution%29&aq=f&aqi=&aql=&oq=&pbx=1&fp=dded8f20a6bb9442
 Image: http://upload.wikimedia.org/wikipedia/commons/3/34/Gini_Coefficient_World_CIA_Report_2009.png
 CIA World Fact Book: https://www.cia.gov/library/publications/the-world-factbook/rankorder/2172rank.html
 soared: http://www.washingtonsblog.com/2010/12/extreme-inequality-helped-cause-both.html
 demonstrate: http://www.people.hbs.edu/mnorton/norton%20ariely%20in%20press.pdf
 Stock up with Fresh Food that lasts with eFoodsDirect (AD): http://www.efoodsdirect.com/
 Image: http://www.homegain.com/housead/homes_for_sale/index?entryid=11734
 wrote: http://www.huffingtonpost.com/2010/09/23/americans-support-wealth-redistribution_n_736132.html
 norton ariely in press: http://www.docstoc.com/docs/55202482/norton-ariely-in-press
 Even Slaves in 1774 Colonial America Experienced Less Inequality than We Have Today: http://www.prisonplanet.com/even-slaves-in-1774-colonial-america-experienced-less-inequality-than-we-have-today.html
 Orchestrated Storms: US sending waves through Yemen, Egypt, Tunisia?: http://www.prisonplanet.com/orchestrated-storms-us-sending-waves-through-yemen-egypt-tunisia.html
 It’s a Myth that Conservatives Accept Rampant Inequality: http://www.prisonplanet.com/its-a-myth-that-conservatives-accept-rampant-inequality.html
 Will The Banksters And The Corpocracy Eventually Own It All? 29 Statistics About Extreme Income Inequality In America That Will Blow Your Mind: http://www.prisonplanet.com/will-the-banksters-and-the-corpocracy-eventually-own-it-all-29-statistics-about-extreme-income-inequality-in-america-that-will-blow-your-mind.html
 20 Facts About US Inequality That Everyone Should Know (With An Update On The Uber-Wealthy And Global Wealth Inequality): http://www.prisonplanet.com/20-facts-about-us-inequality-that-everyone-should-know-with-an-update-on-the-uber-wealthy-and-global-wealth-inequality.html
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