Friday, May 29, 2015

THE LAND OF INEQUALITY FOR ALL

No matter how hard they try to convince you that this country is the home of the brave and the land of the free with "equality" for all the numbers don't lie and tell a different story;



The United States, which prides itself as a land of opportunity, has the fourth-most uneven income distribution among developed nations, according to recently-released data. Only Turkey, Mexico, and Chile had worse income inequality, with Chile ranking as the most unequal overall.

The Gini coefficient measures how much an economy deviates from perfect equality — where everyone has the same income. A score of zero indicates perfect equality, and a score of one indicates extreme inequality. Based on index figures for Organisation for Economic Co-operation and Development (OECD) countries, these are the least equitable countries in the developed world.


4. United States
> Gini index – post tax & transfer: 0.389
> Social spending, pct. of GDP: 19.2% (10th lowest)
> Chg. in Gini after tax & transfer: 0.118 (6th smallest)
> Poverty rate: 17.4% (5th highest)
The United States once again ranks as one of the least equal developed nation in the world. It is also very unusual as a less equal nation. The United States is one of the wealthiest countries in the world with a GDP per capita of close to $55,000, fourth highest in the OECD. In fact, of the 16 nations with the highest per capita income in the OECD, the United States is the only one among the worst nations for income inequality. The United states had the fourth largest proportion of adults with a college degree. Having more college graduates might have helped reduce inequality in the country.