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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. In contrast: Tunisia is ranked the 62nd most unequal country, with a Gini Coefficient of 40. Yemen is ranked 76th most unequal, with a Gini Coefficient of 37.7. And Egypt is ranked as the 90th most unequal country, with a Gini Coefficient of around 34.4.
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.
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.
Originally posted by starwarsisreal
reply to post by Soldier of God
but it's true! what about the TSA? Or the patriot act? Those are signs of oppression. That's why some people said the People's Republic of China is more free than the United Socialist States of Amerika
Egyptian, Tunisian and Yemeni protesters all say that inequality is one of the main reasons they’re protesting. 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. 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.
In contrast:
• Tunisia is ranked the 62nd most unequal country, with a Gini Coefficient of 40.
• Yemen is ranked 76th most unequal, with a Gini Coefficient of 37.7.
• And Egypt is ranked as the 90th most unequal country, with a Gini Coefficient of around 34.4.
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.
Originally posted by Vitchilo
But but but ...
Americans have free elections!
Americans have free internet!
Americans are TOTALLY free to protest!
Americans are TOTALLY not being robbed blind by the bankers!
Cops TOTALLY don't get away with murdering and beating civilians for no reasons!
TSA TOTALLY doesn't molests you!
Americans believe their own BS, that they are free.
They are also too busy updating their facebook account to do anything.
Once the checks stop coming in or hyperinflation kicks in, that is when they will revolt. Not before.edit on 29-1-2011 by Vitchilo because: (no reason given)
Originally posted by jlv70
I copied it from Global Research not Infowars. If you're going to bag on me for copying stuff, then you better bag on everyone else that does it. I think this post just conveys a message that a lot of people seem to have a problem with.
edit on 29-1-2011 by jlv70 because: fix typos
This index measures the degree of inequality in the distribution of family income in a country. The index is calculated from the Lorenz curve, in which cumulative family income is plotted against the number of families arranged from the poorest to the richest. The index is the ratio of (a) the area between a country's Lorenz curve and the 45 degree helping line to (b) the entire triangular area under the 45 degree line. The more nearly equal a country's income distribution, the closer its Lorenz curve to the 45 degree line and the lower its Gini index, e.g., a Scandinavian country with an index of 25. The more unequal a country's income distribution, the farther its Lorenz curve from the 45 degree line and the higher its Gini index, e.g., a Sub-Saharan country with an index of 50. If income were distributed with perfect equality, the Lorenz curve would coincide with the 45 degree line and the index would be zero; if income were distributed with perfect inequality, the Lorenz curve would coincide with the horizontal axis and the right vertical axis and the index would be 100.