US Incomes More Equal than France

[charrison]

linkage

The US income distribution is more equal than that of France...before government-mandated income transfers. Yes, according to this paper, during the mid 1990's, the US had a Gini coefficient of 50 and France had a Gini coefficient of 56 before income transfers. This paper backs it up, and examines the trend for several years between 1980 and 1995.

French poverty rate before income transfers was a mind-numbing 39%, compared with 29% for the US.

So while France may have more income equality and less poverty, it is only because of fairly significant government income transfers, not because of actual wage equality.

Looks like things are not as bad here in the US as the euros would like us to think.

 

[loup garou]

P&N is thataway->

 

[EatSpam]

Originally posted by: charrison
linkage

The US income distribution is more equal than that of France...before government-mandated income transfers. Yes, according to this paper, during the mid 1990's, the US had a Gini coefficient of 50 and France had a Gini coefficient of 56 before income transfers. This paper backs it up, and examines the trend for several years between 1980 and 1995.

French poverty rate before income transfers was a mind-numbing 39%, compared with 29% for the US.

So while France may have more income equality and less poverty, it is only because of fairly significant government income transfers, not because of actual wage equality.

Looks like things are not as bad here in the US as the euros would like us to think.

Of course, in the U.S. we get to be joyfully gouged by our holy private insurers. France won't ever know the joy of having millions upon millions of uninsured.

 

[jadinolf]

Originally posted by: loup garou
P&N is thataway->

shudder

 

[loup garou]

Originally posted by: jadinolf

Originally posted by: loup garou
P&N is thataway->

shudder

Do not stare directly into P&N!!!

 

[ViRGE]

Originally posted by: loup garou

Originally posted by: jadinolf

Originally posted by: loup garou
P&N is thataway->

shudder

Do not stare directly into P&N!!!

Oh god, my soul burns! Make it stop!

 

[charrison]

Originally posted by: jadinolf

Originally posted by: loup garou
P&N is thataway->

shudder

oppps, posted in wrong forum....can the mods move it?

 

[JLGatsby]

Imagine if middle class Americans were such foolish spenders, we'd be the most equal country in the world.

 

[EatSpam]

Originally posted by: JLGatsby
Imagine if middle class Americans were such foolish spenders, we'd be the most equal country in the world.

I can't tell if you're joking or not, since personal debt is at an all time high.

 

[charrison]

Originally posted by: EatSpam

Originally posted by: JLGatsby
Imagine if middle class Americans were such foolish spenders, we'd be the most equal country in the world.

I can't tell if you're joking or not, since personal debt is at an all time high.

But so is personal wealth...

 

[EatSpam]

Originally posted by: charrison

Originally posted by: EatSpam

Originally posted by: JLGatsby
Imagine if middle class Americans were such foolish spenders, we'd be the most equal country in the world.

I can't tell if you're joking or not, since personal debt is at an all time high.

But so is personal wealth...

But is it real wealth, or wealth propped up by debt?

 

[aidanjm]

Originally posted by: charrison
linkage

The US income distribution is more equal than that of France...before government-mandated income transfers. Yes, according to this paper, during the mid 1990's, the US had a Gini coefficient of 50 and France had a Gini coefficient of 56 before income transfers. This paper backs it up, and examines the trend for several years between 1980 and 1995.

French poverty rate before income transfers was a mind-numbing 39%, compared with 29% for the US.

So while France may have more income equality and less poverty, it is only because of fairly significant government income transfers, not because of actual wage equality.

Looks like things are not as bad here in the US as the euros would like us to think.

Yeah, but the existence of greater income equality before income transfer from rich to poor (courtesy of the government, taxes) in France is a justification for that income transfer. In terms of quality of life, the outcome is what matters, tho. After said income trasnfer there is less income inequality and less poverty in France than the USA.

 

[charrison]

Originally posted by: EatSpam

Originally posted by: charrison

Originally posted by: EatSpam

Originally posted by: JLGatsby
Imagine if middle class Americans were such foolish spenders, we'd be the most equal country in the world.

I can't tell if you're joking or not, since personal debt is at an all time high.

But so is personal wealth...

But is it real wealth, or wealth propped up by debt?

I would assume it is wealth. As wealth is not debt.

 

[charrison]

Originally posted by: aidanjm

Originally posted by: charrison
linkage

The US income distribution is more equal than that of France...before government-mandated income transfers. Yes, according to this paper, during the mid 1990's, the US had a Gini coefficient of 50 and France had a Gini coefficient of 56 before income transfers. This paper backs it up, and examines the trend for several years between 1980 and 1995.

French poverty rate before income transfers was a mind-numbing 39%, compared with 29% for the US.

So while France may have more income equality and less poverty, it is only because of fairly significant government income transfers, not because of actual wage equality.

Looks like things are not as bad here in the US as the euros would like us to think.

Yeah, but the existence of greater income equality before income transfer from rich to poor (courtesy of the government, taxes) in France is a justification for that income transfer. In terms of quality of life, the outcome is what matters, tho. After said income trasnfer there is less income inequality and less poverty in France than the USA.

And it working out well for them right?

 

[aidanjm]

Originally posted by: charrison

Originally posted by: aidanjm

Originally posted by: charrison
linkage

The US income distribution is more equal than that of France...before government-mandated income transfers. Yes, according to this paper, during the mid 1990's, the US had a Gini coefficient of 50 and France had a Gini coefficient of 56 before income transfers. This paper backs it up, and examines the trend for several years between 1980 and 1995.

French poverty rate before income transfers was a mind-numbing 39%, compared with 29% for the US.

So while France may have more income equality and less poverty, it is only because of fairly significant government income transfers, not because of actual wage equality.

Looks like things are not as bad here in the US as the euros would like us to think.

Yeah, but the existence of greater income equality before income transfer from rich to poor (courtesy of the government, taxes) in France is a justification for that income transfer. In terms of quality of life, the outcome is what matters, tho. After said income trasnfer there is less income inequality and less poverty in France than the USA.

And it working out well for them right?

France has many problems, I'm not sure you can reasonably attribute them all to a social democratic system of government tho

 

[JLGatsby]

Originally posted by: aidanjm

Originally posted by: charrison

Originally posted by: aidanjm

Originally posted by: charrison
linkage

The US income distribution is more equal than that of France...before government-mandated income transfers. Yes, according to this paper, during the mid 1990's, the US had a Gini coefficient of 50 and France had a Gini coefficient of 56 before income transfers. This paper backs it up, and examines the trend for several years between 1980 and 1995.

French poverty rate before income transfers was a mind-numbing 39%, compared with 29% for the US.

So while France may have more income equality and less poverty, it is only because of fairly significant government income transfers, not because of actual wage equality.

Looks like things are not as bad here in the US as the euros would like us to think.

Yeah, but the existence of greater income equality before income transfer from rich to poor (courtesy of the government, taxes) in France is a justification for that income transfer. In terms of quality of life, the outcome is what matters, tho. After said income trasnfer there is less income inequality and less poverty in France than the USA.

And it working out well for them right?

France has many problems, I'm not sure you can reasonably attribute them all to a social democratic system of government tho

Name one you cannot.

Their way of thinking convinced them to allow the people rioting right now in their streets into their country in the first place (most of them are poor immigrants).

Their way of thinking caused high unemployment and lack of economic growth.

 

[Vic]

Originally posted by: aidanjm

Originally posted by: charrison
linkage

The US income distribution is more equal than that of France...before government-mandated income transfers. Yes, according to this paper, during the mid 1990's, the US had a Gini coefficient of 50 and France had a Gini coefficient of 56 before income transfers. This paper backs it up, and examines the trend for several years between 1980 and 1995.

French poverty rate before income transfers was a mind-numbing 39%, compared with 29% for the US.

So while France may have more income equality and less poverty, it is only because of fairly significant government income transfers, not because of actual wage equality.

Looks like things are not as bad here in the US as the euros would like us to think.

Yeah, but the existence of greater income equality before income transfer from rich to poor (courtesy of the government, taxes) in France is a justification for that income transfer. In terms of quality of life, the outcome is what matters, tho. After said income trasnfer there is less income inequality and less poverty in France than the USA.

So what you're saying is that being dependent on the dole is a good thing. That's all that matters, right? Screw that you can't get a job and make a living, and that there is no opportunity, at least keep those welfare checks coming, right?

:roll: