Donate Bitcoin

Donate Paypal


PeakOil is You

PeakOil is You

Income inequality: comparing the US states to the 3rd world

Discussions about the economic and financial ramifications of PEAK OIL

Re: Income inequality: comparing the US states to the 3rd world

Unread postby frankthetank » Mon 28 Dec 2009, 15:08:00

Do we all have to live like millionaires? What the hell would that do to the environment?

Give Joe 6 Pack a million bucks and see what happens. Bass boat, ATV, big box house, new truck.....
lawns should be outlawed.
User avatar
frankthetank
Light Sweet Crude
Light Sweet Crude
 
Posts: 6202
Joined: Thu 16 Sep 2004, 03:00:00
Location: Southwest WI

Re: Income inequality: comparing the US states to the 3rd world

Unread postby shortonsense » Mon 28 Dec 2009, 15:10:37

$this->bbcode_second_pass_quote('Tyler_JC', '
')Regardless, I don't think we should be relying on theft as a mechanism for social equality. :roll:


The legal version of theft in America, otherwise known as "wealth redistribution", is quite a common concept for "curing" the evils of hard work, advanced academic training, risk and the entrepreneurial spirit in America.

What do you think about this concept Tyler, with the new mandated health care expenses, who gets hurt worse, the company who employ's well paid professionals who might receive health care as a minority part of their benefits package, or say, McDonalds? What are the long term effects on employment for teenagers when every one of them hired forces the restaurant to also provide them with a decent, and paid for by the employer, benefits package which could cost them more than the employees labor itself? Would this tend to discourage hiring you think? Maybe a substitute for capital for labor? Automated kiosks for McDonalds burgers anyone?
User avatar
shortonsense
Permanently Banned
 
Posts: 3124
Joined: Sat 30 Aug 2008, 03:00:00

Re: Income inequality: comparing the US states to the 3rd world

Unread postby Ludi » Mon 28 Dec 2009, 17:01:37

$this->bbcode_second_pass_quote('shortonsense', '
')The legal version of theft in America, otherwise known as "wealth redistribution"


corporate subsidies and tax breaks


<<<<<< entrepreneur never cured by "wealth redistribution"
Ludi
 

Re: Income inequality: comparing the US states to the 3rd world

Unread postby VMarcHart » Mon 28 Dec 2009, 17:47:00

I'm not crying poor me. I live well, way better than most of my relatives and high school mates. I have no problem whatsoever helping the less fortunate, even the lazy; I can't take my checking account balance with me when I die.

If the wealth distribution does exist, somebody must be taking my share. How do I apply for it?

By reading some of the critics on the disparity of wealth in the country, it kind of sounds like it doesn't exist, that it's all a fabrication or inflated to make it look bad, or that it's not a problem at all.

A quick glance within my siblings, all raised with the same love and values, and I can see a huge disparity and consequence. It gets worse within my 1st and 2nd-degree cousins, even worser with my high school mates, etc. They're all alive, if that what counts (for those alive, of course). But man, their lives suck.
On 9/29/08, cube wrote: "The Dow will drop to 4,000 within 2 years". The current tally is 239 bold predictions, 9 right, 96 wrong, 134 open. If you've heard here, it's probably wrong.
User avatar
VMarcHart
Heavy Crude
Heavy Crude
 
Posts: 1644
Joined: Mon 26 May 2008, 03:00:00
Location: Now overpopulating California

Re: Income inequality: comparing the US states to the 3rd world

Unread postby Javaman » Mon 28 Dec 2009, 18:21:17

$this->bbcode_second_pass_quote('Ludi', '')$this->bbcode_second_pass_quote('shortonsense', '
')The legal version of theft in America, otherwise known as "wealth redistribution"


corporate subsidies and tax breaks


<<<<<< entrepreneur never cured by "wealth redistribution"


You mean like the Government Motors bailout? That wasn't my idea.

I can see why a governor or mayor might give a tax break to entice a company to locate a new plant in his state or city.
User avatar
Javaman
Lignite
Lignite
 
Posts: 261
Joined: Wed 18 Jun 2008, 03:00:00

Re: Income inequality: comparing the US states to the 3rd world

Unread postby Javaman » Mon 28 Dec 2009, 18:53:38

$this->bbcode_second_pass_quote('Sixstrings', '[')img]http://3.bp.blogspot.com/_H6XW_a4TYus/SeV_Z-awS6I/AAAAAAAAAmo/HmPjoENZd0Q/s400/gini+by+state+map.bmp[/img]

This article isn't new, but it's some interesting data. Here in the US we stand alone among developed nations in terms of the sheer gap we have between the rich and everyone else.

$this->bbcode_second_pass_quote('', 'S')o the higher the number, the more wealth inequality there is. For most advanced industrial economies, the Gini number is pretty low. According the the CIA World Factbook (table compiled here), the lowest Gini score in the world is Sweden's, at .23, followed by Denmark and Slovenia at .24. The next 20 countries are all in either Western Europe or the former Communist bloc of Eastern Europe. The EU as a whole is at .307. Russia has the highest number in Europe (.41); Portugal is the highest in Western Europe (.38). Japan is at .381; Australia is .352; Canada is .321.
http://mapscroll.blogspot.com/2009/04/is-us-becoming-third-world-country.html


Wow, we don't even have one state that even approaches Canada in income equality.

Here's the list, which 3rd world nation does your state compare to?

$this->bbcode_second_pass_quote('', 'A')nd then there is the United States, sandwiched between Cote d'Ivoire and Uruguay at .450. Not counting Hong Kong (.523), the US is a complete loner among developed countries. In fact, as you can see from the map above, there is no overlap between any single US state and any other developed country; no state is within the normal range of income distribution in the rest of the developed world. Here's a list of the states with their Gini index numbers, and the country where income distribution is most comparable in parentheses:

Alabama - .472 (Nepal)
Alaska - .417 (Cambodia)
Arizona - .454 (Jamaica)
Arkansas - .460 (Ecuador)
California - .466 (Rwanda)
Colorado - .450 (Uruguay)
Connecticut - .480 (Venezuela)
Delaware - .434 (Guyana)
District of Columbia - .537 (Honduras)
Florida - .467 (Rwanda)
Georgia - .461 (Mexico)
Hawaii - .438 (Nigeria)
Idaho - .421 (Thailand)
Illinois - .462 (Malaysia)
Indiana - .432 (Guyana)
Iowa - .424 (Burundi)
Kansas - .441 (Kenya)
Kentucky - .460 (Ecuador)
Louisiana - .475 (Madagascar)
Maine - .428 (Singapore)
Maryland - .433 (Guyana)
Massachusetts - .461 (Mexico)
Michigan - .444 (Philippines)
Minnesota - .430 (Iran)
Mississippi - .471 (Nepal)
Missouri - .449 (Cote d'Ivoire)
Montana - .426 (Singapore)
Nebraska - .430 (Iran)
Nevada - .434 (Turkey)
New Hampshire - .417 (Cambodia)
New Jersey - .458 (Uganda)
New Mexico - .457 (Uganda)
New York - .495 (Costa Rica)
North Carolina - .458 (Uganda)
North Dakota - .434 (Guyana)
Ohio - .449 (Cote d'Ivoire)
Oklahoma - .460 (Ecuador)
Oregon - .444 (Kenya)
Pennsylvania - .455 (Jamaica)
Rhode Island - .442 (Philippines)
South Carolina - .462 (Mexico)
South Dakota - .439 (Nigeria)
Tennessee - .468 (Rwanda)
Texas - .474 (Mozambique)
Utah - .410 (Russia)
Vermont - .420 (Thailand)
Virginia - .456 (Uganda)
Washington - .443 (Kenya)
West Virginia - .447 (Cameroon)
Wisconsin - .424 (Burundi)
Wyoming - .413 (Senegal)

Obviously, the US is far wealthier than any of the countries to which states are being compared on this list; but it's striking to see the US fit a pattern which, outside of the US, is exclusively a phenomenon of the underdeveloped world.
http://mapscroll.blogspot.com/2009/04/is-us-becoming-third-world-country.html


Using some abstract number to compare California to Rwanda seems a little ridiculous. The Gini as now presented is nothing but socialist propaganda or in other words nonsense.

I read somewhere that the average standard of living in Germany is roughly comparable to that of Arkansas.
User avatar
Javaman
Lignite
Lignite
 
Posts: 261
Joined: Wed 18 Jun 2008, 03:00:00
Top

Re: Income inequality: comparing the US states to the 3rd world

Unread postby Gerben » Tue 29 Dec 2009, 05:59:29

$this->bbcode_second_pass_quote('Javaman', 'I') read somewhere that the average standard of living in Germany is roughly comparable to that of Arkansas.

With your feet on a stove and your head in a refrigerator you are alright on average. With high inequality, poverty rates are higher, but there will also be more people who earn a lot more than average.
User avatar
Gerben
Tar Sands
Tar Sands
 
Posts: 629
Joined: Wed 07 Mar 2007, 04:00:00
Location: Holland, Belgica Foederata (Republic of the Seven United Netherlands)
Top

Re: Income inequality: comparing the US states to the 3rd world

Unread postby Javaman » Tue 29 Dec 2009, 08:10:04

$this->bbcode_second_pass_quote('Gerben', '')$this->bbcode_second_pass_quote('Javaman', 'I') read somewhere that the average standard of living in Germany is roughly comparable to that of Arkansas.

With your feet on a stove and your head in a refrigerator you are alright on average. With high inequality, poverty rates are higher, but there will also be more people who earn a lot more than average.


Arkansas tends to be one of the poorer of the American states, so if Germany's average is about equal to Arkansas's average, that doesn't speak well for Germany.

Bill Clinton was the governor of Arkansas for a few years so draw your own conclusions.

http://www.opinionjournal.com/editorial ... =110005242

US poverty rates are around 13%. Germany's REAL poverty rate is probably twice that, although it does redistribute some income to bring that number more in line with the US rate.

Ask yourself why Germany has such a high poverty rate.
User avatar
Javaman
Lignite
Lignite
 
Posts: 261
Joined: Wed 18 Jun 2008, 03:00:00
Top

Re: Income inequality: comparing the US states to the 3rd world

Unread postby Ludi » Tue 29 Dec 2009, 08:38:30

$this->bbcode_second_pass_quote('Javaman', '
')I read somewhere that the average standard of living in Germany is roughly comparable to that of Arkansas.



That's an excellent point. I read something somewhere that supports my opinion. :wink:


"Norwegians enjoy the highest standard of living in the world. The oil-rich Scandinavian country, with its well-developed social welfare system, landed first place on the 2009 United Nations Index for Human Development. Australia and Iceland took second and third places, respectively, and Germany took a disappointing 22nd place out of 182 countries."

http://www.dw-world.de/dw/article/0,,4760125,00.html

http://hdrstats.undp.org/en/indicators/147.html
Ludi
 
Top

Re: Income inequality: comparing the US states to the 3rd world

Unread postby VMarcHart » Tue 29 Dec 2009, 08:55:07

The US ranks 13?!

I guess one can always draw an average between the Hamptons and the ghetto.
On 9/29/08, cube wrote: "The Dow will drop to 4,000 within 2 years". The current tally is 239 bold predictions, 9 right, 96 wrong, 134 open. If you've heard here, it's probably wrong.
User avatar
VMarcHart
Heavy Crude
Heavy Crude
 
Posts: 1644
Joined: Mon 26 May 2008, 03:00:00
Location: Now overpopulating California

Re: Income inequality: comparing the US states to the 3rd world

Unread postby Javaman » Tue 29 Dec 2009, 09:24:15

$this->bbcode_second_pass_quote('Ludi', '')$this->bbcode_second_pass_quote('Javaman', '
')I read somewhere that the average standard of living in Germany is roughly comparable to that of Arkansas.



That's an excellent point. I read something somewhere that supports my opinion. :wink:


"Norwegians enjoy the highest standard of living in the world. The oil-rich Scandinavian country, with its well-developed social welfare system, landed first place on the 2009 United Nations Index for Human Development. Australia and Iceland took second and third places, respectively, and Germany took a disappointing 22nd place out of 182 countries."

http://www.dw-world.de/dw/article/0,,4760125,00.html

http://hdrstats.undp.org/en/indicators/147.html


First of all, anything authored by the UN is to be taken with a large grain of salt.

Australia, Iceland and Norway are countries with small and homogenous populations, but even so they have lower standards of living than most of the US. Germany has a larger and slightly more diverse population than Norway, Iceland and Australia, and therefore has more problems. The US is much larger still and much more diverse, yet has amazingly few problems.

If you look at a small enough area or demographic group, and select your data carefully, you can draw almost any conclusion you want, and socialists like to do exactly that.

The cost of trying to avoid poverty, however you try to define it, by resorting to a welfare state, is to lower the standard of living and reduce opportunity for almost everyone else.

It is possible that southern Europeans generally live better than Scandinavians, despite what the cherry-picked data of socialists might lead one to believe.
User avatar
Javaman
Lignite
Lignite
 
Posts: 261
Joined: Wed 18 Jun 2008, 03:00:00
Top

Re: Income inequality: comparing the US states to the 3rd world

Unread postby Ludi » Tue 29 Dec 2009, 09:27:59

$this->bbcode_second_pass_quote('Javaman', '
')It is possible that southern Europeans generally live better than Scandinavians, despite what the cherry-picked data of socialists might lead one to believe.



What data sources do you feel are accurate? Can we accept any data from socialist countries?
Ludi
 
Top

Re: Income inequality: comparing the US states to the 3rd world

Unread postby Javaman » Tue 29 Dec 2009, 09:31:45

$this->bbcode_second_pass_quote('VMarcHart', 'T')he US ranks 13?!

I guess one can always draw an average between the Hamptons and the ghetto.


Actually, the US does much better than that, probably first or at worst 2nd. (Maybe Luxembourg is a bit better, but it isn't a representative sample of Europe either.)

The "ghetto" can look surprisingly good compared to Europe-on-average.
User avatar
Javaman
Lignite
Lignite
 
Posts: 261
Joined: Wed 18 Jun 2008, 03:00:00
Top

Re: Income inequality: comparing the US states to the 3rd world

Unread postby Javaman » Tue 29 Dec 2009, 09:37:07

$this->bbcode_second_pass_quote('Ludi', '')$this->bbcode_second_pass_quote('Javaman', '
')It is possible that southern Europeans generally live better than Scandinavians, despite what the cherry-picked data of socialists might lead one to believe.



What data sources do you feel are accurate? Can we accept any data from socialist countries?


We need to avoid the socialists' data entirely. By definition, they have a political, not a factual, agenda.

I have heard that Scandinavians typically must bring their lunches to work, whereas southern Europeans go out to restaurants on their lunch hours. Anecdotal evidence, to be sure, but more trustworthy than what socialists provide.
User avatar
Javaman
Lignite
Lignite
 
Posts: 261
Joined: Wed 18 Jun 2008, 03:00:00
Top

Re: Income inequality: comparing the US states to the 3rd world

Unread postby Ludi » Tue 29 Dec 2009, 09:43:51

$this->bbcode_second_pass_quote('Javaman', '
')We need to avoid the socialists' data entirely.



How do we get data about socialist countries? What data sources do you feel are reliable? Or do you rely exclusively on anecdotal evidence?
Ludi
 
Top

Re: Income inequality: comparing the US states to the 3rd world

Unread postby VMarcHart » Tue 29 Dec 2009, 09:50:12

Java, you crack me up. Kudos for putting a smile on my grumpy face this early in the morning. (It's 5:30am my time.)

$this->bbcode_second_pass_quote('Javaman', 'F')irst of all, anything authored by the UN is to be taken with a large grain of salt.
Let us see. We can read UN personel's bios and interact with them (within limitations), but with you, who authors under the anonymity of a username and an avatar, do we need to exercise less, the same, or more caution?

$this->bbcode_second_pass_quote('Javaman', 'A')ustralia, Iceland and Norway are countries with small and homogenous populations, but even so they have lower standards of living than most of the US.
What's the math? Iceland's population is 320K. The US has more than 320K millionaires. Unless each person in Iceland has a net worth of $1M, why, yes, Iceland has lower standards of living than most of the US, because it only takes a small US minority to trump the whole country of Iceland.
$this->bbcode_second_pass_quote('Javaman', 'G')ermany has a larger and slightly more diverse population than Norway, Iceland and Australia, and therefore has more problems. The US is much larger still and much more diverse, yet has amazingly few problems.
Come again? Have you taken your bubble out much lately?
$this->bbcode_second_pass_quote('Javaman', 'I')f you look at a small enough area or demographic group, and select your data carefully, you can draw almost any conclusion you want, and socialists like to do exactly that.
And so do you. I guess that makes you a socialist.
$this->bbcode_second_pass_quote('Javaman', 'T')he cost of trying to avoid poverty ... by resorting to a welfare state, is to lower the standard of living and reduce opportunity for almost everyone else.Yep, having to give up that 3rd Rolls-Royce and the second chalet in Gstaad is a real pain.
On 9/29/08, cube wrote: "The Dow will drop to 4,000 within 2 years". The current tally is 239 bold predictions, 9 right, 96 wrong, 134 open. If you've heard here, it's probably wrong.
User avatar
VMarcHart
Heavy Crude
Heavy Crude
 
Posts: 1644
Joined: Mon 26 May 2008, 03:00:00
Location: Now overpopulating California
Top

Re: Income inequality: comparing the US states to the 3rd world

Unread postby VMarcHart » Tue 29 Dec 2009, 09:52:20

$this->bbcode_second_pass_quote('Javaman', 'T')he "ghetto" can look surprisingly good compared to Europe-on-average.
Let me guess. You have never lived in either a US or European ghetto, have you?
On 9/29/08, cube wrote: "The Dow will drop to 4,000 within 2 years". The current tally is 239 bold predictions, 9 right, 96 wrong, 134 open. If you've heard here, it's probably wrong.
User avatar
VMarcHart
Heavy Crude
Heavy Crude
 
Posts: 1644
Joined: Mon 26 May 2008, 03:00:00
Location: Now overpopulating California
Top

Re: Income inequality: comparing the US states to the 3rd world

Unread postby MarkJ » Tue 29 Dec 2009, 10:45:00

In many regions, we have an extremely large gap in knowledge, education, skills, experience and work ethic, so of course there's a large gap in income, savings, assets and investments.

Cities once full of hard working blue collar workers now have a larger population of unemployable, unskilled, uneducated, unmotivated, inexperienced public assistance recipients, high school dropouts, GED recipients and students that barely passed and/or were pushed through the system.

Many can't find good paying jobs simply because they have no transportation, no parking and can't pass a drug test, criminal background check, aptitude test, performance test, probationary period and/or their physical appearance holds them back.

We have tattooed, pierced job seekers that show up for job interviews smelling like BO, smelling like an ashtray, smelling like cat urine, beer, liquor or pot and/or they're wearing sweat pants, pajama bottoms, slippers, baggy pants (boxers or crack exposed), backwards baseball caps, bandanas, multi-colored hair, ripped jeans, dirty clothes, no bras, t-shirts with profanity or risqué text.

Many of the income challenged residents are far too obese and out-of-shape to fill many jobs with physically demanding worker requirements.

Since their health is often very poor, (cigarettes/coffee/alcohol/drugs/snacks instead of meals) many of the late 20 something to 40 something low income residents have poor teeth, missing teeth, no teeth, deep wrinkles, bloodshot eyes and look 10 to 15 years older than their actual age. This really hurts their chances of being hired.

We have a large financial gap within my own family as well. We have aunts, uncles, cousins and step siblings with no jobs, no homes, no savings, no assets, no investments and tons of past/current debt. They've blown every dollar they've ever made, blown every dollar they were ever given, sold/mortgaged every property they were ever given and blown every opportunity they ever received.
User avatar
MarkJ
Tar Sands
Tar Sands
 
Posts: 649
Joined: Tue 25 Mar 2008, 03:00:00

Re: Income inequality: comparing the US states to the 3rd world

Unread postby VMarcHart » Tue 29 Dec 2009, 10:55:42

Hey, Mark.

I second your post.

And then bubble-boys like Java think all account of disparity and hardship is socialistic propaganda to be taken with a grain of salt. I can not wait for guys like him to lose their jobs, healthcare, the house, the wife, the dog, and the pickup truck.
On 9/29/08, cube wrote: "The Dow will drop to 4,000 within 2 years". The current tally is 239 bold predictions, 9 right, 96 wrong, 134 open. If you've heard here, it's probably wrong.
User avatar
VMarcHart
Heavy Crude
Heavy Crude
 
Posts: 1644
Joined: Mon 26 May 2008, 03:00:00
Location: Now overpopulating California

Re: Income inequality: comparing the US states to the 3rd world

Unread postby Gerben » Tue 29 Dec 2009, 11:30:31

$this->bbcode_second_pass_quote('Javaman', 'U')S poverty rates are around 13%. Germany's REAL poverty rate is probably twice that, although it does redistribute some income to bring that number more in line with the US rate.

Ask yourself why Germany has such a high poverty rate.

Germany doesn't have a high poverty rate. Income redistribution actually works to fight poverty.
User avatar
Gerben
Tar Sands
Tar Sands
 
Posts: 629
Joined: Wed 07 Mar 2007, 04:00:00
Location: Holland, Belgica Foederata (Republic of the Seven United Netherlands)
Top

PreviousNext

Return to Economics & Finance

Who is online

Users browsing this forum: No registered users and 0 guests

cron