▲ 20 ▼ Economic inequality cannot be explained by individual bad choices, study finds (phys.org) submitted 3 years ago by yogthos@lemmy.ml to c/socialism@lemmy.ml 8 comments fedilink hide all child comments
[–] emerty@feddit.uk 1 point 3 years ago (4 children) social democracy ftw permalink fedilink source hideshow 4 child comments replies: [–] sarjalim@lemm.ee 0 points 3 years ago* (3 children) Just remember, as someone else mentioned when this graph was posted on Reddit, that this is income and not wealth share. The wealth gap is much, much larger for every country pictured here, and the income difference compounds into a wealth difference abyss over time. permalink fedilink source parent hideshow 3 child comments replies: [–] emerty@feddit.uk 0 points 3 years ago* (2 children) Yes, but people get paid income in wages, so it is still relevant. That some of them turn income into appreciating assets, or wealth, is a separate issue. permalink fedilink source parent hideshow 2 child comments replies: [–] sarjalim@lemm.ee 0 points 3 years ago (1 child) Sure, I'm not arguing against the graph or that it is relevant. Just a friendly (dystopian) reminder that the top 1% of income earners don't really rely on income. They make most of their money investing capital or company profits in ways where they can avoid paying income tax. permalink fedilink source parent hideshow 1 child comment replies: [–] emerty@feddit.uk 1 point 3 years ago Yeah, it's just interesting to see income for once, the wealth disparity is often discussed. I'm firmly in favour of a Robin Hood tax to make asset wealth pay its way https://en.wikipedia.org/wiki/Robin_Hood_tax permalink fedilink source parent
[–] sarjalim@lemm.ee 0 points 3 years ago* (3 children) Just remember, as someone else mentioned when this graph was posted on Reddit, that this is income and not wealth share. The wealth gap is much, much larger for every country pictured here, and the income difference compounds into a wealth difference abyss over time. permalink fedilink source parent hideshow 3 child comments replies: [–] emerty@feddit.uk 0 points 3 years ago* (2 children) Yes, but people get paid income in wages, so it is still relevant. That some of them turn income into appreciating assets, or wealth, is a separate issue. permalink fedilink source parent hideshow 2 child comments replies: [–] sarjalim@lemm.ee 0 points 3 years ago (1 child) Sure, I'm not arguing against the graph or that it is relevant. Just a friendly (dystopian) reminder that the top 1% of income earners don't really rely on income. They make most of their money investing capital or company profits in ways where they can avoid paying income tax. permalink fedilink source parent hideshow 1 child comment replies: [–] emerty@feddit.uk 1 point 3 years ago Yeah, it's just interesting to see income for once, the wealth disparity is often discussed. I'm firmly in favour of a Robin Hood tax to make asset wealth pay its way https://en.wikipedia.org/wiki/Robin_Hood_tax permalink fedilink source parent
[–] emerty@feddit.uk 0 points 3 years ago* (2 children) Yes, but people get paid income in wages, so it is still relevant. That some of them turn income into appreciating assets, or wealth, is a separate issue. permalink fedilink source parent hideshow 2 child comments replies: [–] sarjalim@lemm.ee 0 points 3 years ago (1 child) Sure, I'm not arguing against the graph or that it is relevant. Just a friendly (dystopian) reminder that the top 1% of income earners don't really rely on income. They make most of their money investing capital or company profits in ways where they can avoid paying income tax. permalink fedilink source parent hideshow 1 child comment replies: [–] emerty@feddit.uk 1 point 3 years ago Yeah, it's just interesting to see income for once, the wealth disparity is often discussed. I'm firmly in favour of a Robin Hood tax to make asset wealth pay its way https://en.wikipedia.org/wiki/Robin_Hood_tax permalink fedilink source parent
[–] sarjalim@lemm.ee 0 points 3 years ago (1 child) Sure, I'm not arguing against the graph or that it is relevant. Just a friendly (dystopian) reminder that the top 1% of income earners don't really rely on income. They make most of their money investing capital or company profits in ways where they can avoid paying income tax. permalink fedilink source parent hideshow 1 child comment replies: [–] emerty@feddit.uk 1 point 3 years ago Yeah, it's just interesting to see income for once, the wealth disparity is often discussed. I'm firmly in favour of a Robin Hood tax to make asset wealth pay its way https://en.wikipedia.org/wiki/Robin_Hood_tax permalink fedilink source parent
[–] emerty@feddit.uk 1 point 3 years ago Yeah, it's just interesting to see income for once, the wealth disparity is often discussed. I'm firmly in favour of a Robin Hood tax to make asset wealth pay its way https://en.wikipedia.org/wiki/Robin_Hood_tax permalink fedilink source parent
