Wednesday, October 29, 2014

Obama and the Magic Gini

If you don't know what the Gini Coefficient is, that's alright.  It just means you have a life.  But for the sake of efficiency, the Gini coefficient is a number between 0 and 1.  A country with a Gini coefficient of 0 means all income is distributed equally.  And a country with a Gini coefficient of 1 means one person makes all the money.  This measure was created to show just how skewed income distribution was and, truthfully, to make disparity income distributions "evil" or "bad" in the eyes of a naive public.

Sadly, despite Obama's ideologue-strength desire to redistribute income, he's only managed to (in the classic sense) make the rich get richer while the poor gets poorer.  The Gini coefficient has been going up as it always has.




Technically that bold faced lie (the richer get richer and the poor gets poorer) is a lie.  Both rich and poor are getting richer over time.  It's just that the rich get richer faster because they have the majority of monies and can therefore capitalize on early investments in successful ventures.  But still, as a relative measure, the poor continue to lose "relative" ground to the rich.  And if you couldn't get an American-hating communist like Obama to lower the Gini coefficient, you're not going to find anyone to do it.

5 comments:

Monad said...

Margaret Thatcher on Socialism:

https://www.youtube.com/watch?v=okHGCz6xxiw

George guy said...

In the far future, some individuals will own entire planets while the poor will be stuffed in life support pods and kept occupied in virtual reality. How's that for income disparity?

Anonymous said...

"And if you couldn't get an American-hating communist like Obama to lower the Gini coefficient, you're not going to find anyone to do it."

Hillary Clinton will succeed where Barack Obama failed. That woman has more balls than Gengis Khan.

You are going to suffer under the Hillary Clinton presidency. Poetic Justice.

Monad said...

George Guy that os all well and good, but who is having fun and reaping the benefits and who is not in comparison? Virtual or reality, what is better??

Anonymous said...

Or maybe Obama isn't the America-hating communist he's made out to be?

Or maybe he is, but he's actually constrained by the checks and balances in the system, and not the omnipotent dictator who has made away with the rule of law and wiped his ass with the Constitution?

-Red Knight