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U.S. and Israel have worst inequality in the developed world

Anomalism

Anomalism

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This is shameful; it's past time for a change.

U.S. and Israel have worst inequality in the developed world - May. 21, 2015

The U.S. and Israel have the worst inequality in the developed world, according to a report from the Organisation for Economic Co-operation and Development. The OECD found that the gap between rich and poor is at record levels in most of its 34 member countries. But the U.S. and Israel stood out from the pack. In the U.S., the richest 10% of the population earn 16.5 times the income of the poorest 10%. In Israel, the richest 10% earn 15 times that of the poorest. That compares with the average ratio of 9.6 times across the OECD.

The income gap has been growing steadily in recent decades. In the 1980s, the rich made about 7 times as much as the poor. The report also reveals wealth inequality is even more extreme than income inequality. Data from 2012 shows that among 18 member nations, the top 10% of households controlled half of all wealth, while the bottom 40% owned just 3%. Based on the top 5%, the U.S. has the widest wealth gap. These households own nearly 91 times the wealth of the average.
 
Most developed countries have homogenous populations which is arguably the largest factor in equality.
 
So the rich are rich and the poor are poor. The sign of a successful society is NOT making everyone near the same level of poor. The rich are richer and there are more rich because there is more money. The rising tide lifts ALL boats.
 
The U.S. & Israel pretty much tied for the top of the 'income inequality' charts?

Why am I not surprised?
 
Anomalism said:
This is shameful; it's past time for a change.

U.S. and Israel have worst inequality in the developed world - May. 21, 2015

The U.S. and Israel have the worst inequality in the developed world, according to a report from the Organisation for Economic Co-operation and Development. The OECD found that the gap between rich and poor is at record levels in most of its 34 member countries. But the U.S. and Israel stood out from the pack. In the U.S., the richest 10% of the population earn 16.5 times the income of the poorest 10%. In Israel, the richest 10% earn 15 times that of the poorest. That compares with the average ratio of 9.6 times across the OECD.

The income gap has been growing steadily in recent decades. In the 1980s, the rich made about 7 times as much as the poor. The report also reveals wealth inequality is even more extreme than income inequality. Data from 2012 shows that among 18 member nations, the top 10% of households controlled half of all wealth, while the bottom 40% owned just 3%. Based on the top 5%, the U.S. has the widest wealth gap. These households own nearly 91 times the wealth of the average.
Click to expand...

Interesting. Unknowingly, no doubt, you have proven how catastrophic the impact of 20 million illegal rejects from failed cultures has been on the US.
 
I also find it no coincidence that Mr.'s Boehner & Natanyaho get along so famously.
 
Anomalism said:
This is shameful; it's past time for a change.

U.S. and Israel have worst inequality in the developed world - May. 21, 2015

The U.S. and Israel have the worst inequality in the developed world, according to a report from the Organisation for Economic Co-operation and Development. The OECD found that the gap between rich and poor is at record levels in most of its 34 member countries. But the U.S. and Israel stood out from the pack. In the U.S., the richest 10% of the population earn 16.5 times the income of the poorest 10%. In Israel, the richest 10% earn 15 times that of the poorest. That compares with the average ratio of 9.6 times across the OECD.

The income gap has been growing steadily in recent decades. In the 1980s, the rich made about 7 times as much as the poor. The report also reveals wealth inequality is even more extreme than income inequality. Data from 2012 shows that among 18 member nations, the top 10% of households controlled half of all wealth, while the bottom 40% owned just 3%. Based on the top 5%, the U.S. has the widest wealth gap. These households own nearly 91 times the wealth of the average.
Click to expand...

But whatever the disparity in wealth, the U.S. poor and the Israeli poor are far better off than some considered well off in other countries? The poorest Israelis are poor pretty much by choice and due to their voluntary separation from the Israeli mainstream, but Israel is ranked right up there with the USA among the nation's with the highest standards of living and on the 'best countries to live in" lists. Israel's poverty rate has been dropping while that in most European countries is edging up. Don't you think that should be included in the equation? What benefit is there in less disparity in wealth if the result is less opportunity and prosperity and even more poor?
 
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