Monday, January 31, 2011

Inequality and Wealth

Can you tell what this chart is showing you?

1. The bottom 5% in the US are as wealthy as the top 5% in India.

2. Of the countries shown, the difference between the richest and the poorest is smallest in the USA. (I'd like to see even more curves and compare them to standing in the economic freedom index. For those shown: US -9th, Brazil - 113, India - 124, China - 135)

What you can 't see here but you can learn by reading The Haves and the Have-Nots by World Bank economist Branko Milanovic , the bottom 5% in America is richer than 68 percent of the world’s inhabitants.

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