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 Originally Posted by Poopadoop
It's hard to evaluate the figures you provided without a source. Do you have one?
Economists at Harvard and Berkely evaluated 40 million tax returns between 1971 and 2012
That's not how quintiles work.
Nice backpedal. But don't pretend like your argument up until this point has been that the rich get rich at the expense of the poor.
Their rungs are relatively further apart, not absolutely. Let's say the median income in Q1 for Brazil is $50k a year, whereas for Q5 it's $5k a year. meanwhile for Denmark the Q1 and Q5 median incomes are $100k an $20k a year, respectively. The person making 20k a year in Denmark has further to go (80k) than the person in Brazil (45k) to get from Q5 to Q1.
That's not what the chart shows. Try again.
Furthermore, I could say that in Brazil the gap between Q1 and Q5 is 10x, or 1000%. Meanwhile the gap in Denmark is only 5x, or 500%. Therefore you could say that the Brazillians, not the Danish, have farther to go.
In investing, it's ALOT harder to turn $5K into $50K than it is to turn $20K into $100K. In economics it really depends on the skills, education, and opportunities available. If you're a dirt farmer in Brazil making $5k, then ALOT of shit has to happen for you to move up to $50K. You need opportunities available to you, and finding those opportunities are probably alot harder than they are in denmark, or the US. Meanwhile, in Denmark, if you're a clerk making $20K, then all you need is some training, education, and work ethic to advance yourself. So in that regard, I would say that the advantage goes to the country with the most educational opportunities. And the USA crushes everyone else when it comes to access. We have more universities, and more top universities per capita than pretty much anywhere.
It generally does, as do all Western countries. The issue is not HOW much education there is, but WHO has access to that education.
Another libtard myth. it was decided during the Clinton administration that education was a right. It doesn't matter who you are, where you're from, what your parents do, or anything. If you want to go to college, you fill out a form, and the government will loan you the money.
There are countless vocational schools, community colleges, cheap in-state tuition, and the like around the country. It's possible to get a college education for less than $150/credit. The whining on this issue from the left stems from a materialistic sense of entitlement for the residential college experience.
Maybe if you're in a shithole in Brazil, it's touger to get into a classroom. But in the USA, anyone, literally anyone can go to school. That's another reason why the Gatsby chart is fucked.
So you're just gonna stand by your fact-less, information-less, data-less moans?
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