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Economic Inequality: It’s Far Worse Than You Think

http://www.scientificamerican.com/article/economic-inequality-it-s-far-worse-than-you-think/

Basically we think wealth distribution is lower than it is, we think CEO to worker pay ratio is lower than it is and we think we are more upwardly mobile than we actually are.

At some point reality will sink in . . . what then?

Actually I think it shows the opposite, that it's less of a problem than people want it to be. If you don't know what the rich are making or what they have own/control it's not that important. And the other measure that people would care more about is consumption inequality and that I've seen is much lower.
 
This reminds me of when James Randi interviews people that just got off the stage at some faith healing event. Randi confronts them and asks them why their still using their canes and walkers. They reply they weren't healed - not because of the faith healer, but because their faith wasn't strong enough. They invariably say they still believe.

People are the same way with upward mobility. They tell themselves they just aren't working hard enough. No one wants to admit how luck is the predominant factor in whether one succeeds or fails.
 
http://www.scientificamerican.com/article/economic-inequality-it-s-far-worse-than-you-think/

Basically we think wealth distribution is lower than it is, we think CEO to worker pay ratio is lower than it is and we think we are more upwardly mobile than we actually are.

At some point reality will sink in . . . what then?

Actually I think it shows the opposite,

If we think things aren't as unequal as they actually are and that our upward mobility is more than it actually is . . . how is that not "worse than you actually think?"

that it's less of a problem than people want it to be.

The article is about the perceptions people have and how those perceptions don't match up to reality.

If you don't know what the rich are making or what they have own/control it's not that important.

It isn't?

I guess as long as I don't know how badly cancer is affecting me it's not really that important either.

And the other measure that people would care more about is consumption inequality and that I've seen is much lower.

"would" care?
 
Actually I think it shows the opposite,

If we think things aren't as unequal as they actually are and that our upward mobility is more than it actually is . . . how is that not "worse than you actually think?"

that it's less of a problem than people want it to be.

The article is about the perceptions people have and how those perceptions don't match up to reality.

If you don't know what the rich are making or what they have own/control it's not that important.

It isn't?

I guess as long as I don't know how badly cancer is affecting me it's not really that important either.

And the other measure that people would care more about is consumption inequality and that I've seen is much lower.

"would" care?


The perception is what matters and not what official numbers say. It's how we compare ourselves to us each more than how we compare ourselves to the ultimate rich. And last, Bill Gates wealth is what, tens of billions of dollars, but what does he control? A few square miles in Seattle and that's it.
 
The perception is what matters and not what official numbers say. It's how we compare ourselves to us each more than how we compare ourselves to the ultimate rich. And last, Bill Gates wealth is what, tens of billions of dollars, but what does he control? A few square miles in Seattle and that's it.

Wow. That's... that's a new one.
 
The perception is what matters and not what official numbers say. It's how we compare ourselves to us each more than how we compare ourselves to the ultimate rich. And last, Bill Gates wealth is what, tens of billions of dollars, but what does he control? A few square miles in Seattle and that's it.

Wow. That's... that's a new one.

Which part is a new one? What people care about is what they consume and how they compare, not the wealth per se in general. People would care about what the rich can buy and the poor can't and how important it is.
 
The perception is what matters and not what official numbers say.

My perception that I don't have cancer is what matters and not the amount of cancer markers present in my blood.

Ridiculous.

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What people care about is what they consume and how they compare, not the wealth per se in general. People would care about what the rich can buy and the poor can't and how important it is.

Assertion without evidence . . . again
 
Do not bask in the glow of the man who make exponentially more than your yearly wage in a few minutes, you lazy scum.
 
Do not bask in the glow of the man who make exponentially more than your yearly wage in a few minutes, you lazy scum.

Yes and no, it depends. The issue is the perception of what people think is the difference and it matters. People get upset over both scenerios of the person in their work department that makes $5K more than them but in their eyes do less work than you do. The same thing with a CEO.
 
Wow. That's... that's a new one.

Which part is a new one? What people care about is what they consume and how they compare, not the wealth per se in general. People would care about what the rich can buy and the poor can't and how important it is.

Oh my word, you were actually serious.

Start anywhere on this page and tell me that Bill Gates doesn't exert significant control over research policy, education, technology use, and medical care for millions of people outside his "few square miles in Seattle."

The K-12 and higher education reform programs of the Gates Foundation have been criticized by some education professionals, parents, and researchers because they have driven the conversation on education reform to such an extent that they may marginalize researchers who do not support Gates' predetermined policy preferences. Several Gates-backed policies such as small schools, charter schools, and increasing class sizes have been expensive and disruptive, but some studies indicate they have not improved educational outcomes and may have caused harm. Peer reviewed scientific studies at Stanford find that Charter Schools do not systematically improve student performance.

Examples of some of the K-12 reforms advocated by the foundation include closing ineffective neighborhood schools in favor of privately run charter schools; extensively using standardized test scores to evaluate the progress of students, teachers, and schools; and merit pay for teachers based on student test scores. Critics also believe that the Gates Foundation exerts too much influence over public education policy without being accountable to voters or taxpayers.

Critics say the Gates Foundation has overlooked the links between poverty and poor academic achievement, and has unfairly demonized teachers for poor achievement by underprivileged students. They contend that the Gates Foundation should be embracing anti-poverty and living wage policies rather than pursuing untested and empirically unsupported education reforms.

Critics say that Gates-backed reforms such as increasing the use of technology in education may financially benefit Microsoft and the Gates family.
 
My perception that I don't have cancer is what matters and not the amount of cancer markers present in my blood.

Ridiculous.

- - - Updated - - -

What people care about is what they consume and how they compare, not the wealth per se in general. People would care about what the rich can buy and the poor can't and how important it is.

Assertion without evidence . . . again

But in this instance yes. If people don't care about wealth inequality than the numbers don't matter. The numbers could actually be 3 to 1 and if people see it as a problem is more important than if the numbers are 20 to 1. And people actually knowing that 1% controls 60% or whatever is compared to their guess of 40% is pretty trivial of the questions.
 
Do not bask in the glow of the man who make exponentially more than your yearly wage in a few minutes, you lazy scum.

Yes and no, it depends. The issue is the perception of what people think is the difference and it matters. People get upset over both scenerios of the person in their work department that makes $5K more than them but in their eyes do less work than you do. The same thing with a CEO.

You question your betters? You fool. This is why you are not a billionaire.
 
Yes and no, it depends. The issue is the perception of what people think is the difference and it matters. People get upset over both scenerios of the person in their work department that makes $5K more than them but in their eyes do less work than you do. The same thing with a CEO.

You question your betters? You fool. This is why you are not a billionaire.

Depends on whether I think they earned it or not.
 
Oh my word, you were actually serious.

And was the Gates foundation leading the initial charge or just a group to jump on the bandwagon? Would charter schools and the drive in education go away if the Gates foundation went away?

Stop moving the goalposts. It's patently obvious that if you or I wanted education policy to go a certain way, we can vote for somebody who agrees with us... and that's about it. The Gates Foundation gets to frame the entire debate, channel millions into advocacy campaigns, and provide attractive incentives for schools to follow suit, especially if by doing so they end up buying more Microsoft products. More influence is being wielded than just the land that Microsoft's headquarters is on, and you know that.
 
And was the Gates foundation leading the initial charge or just a group to jump on the bandwagon? Would charter schools and the drive in education go away if the Gates foundation went away?

Stop moving the goalposts. It's patently obvious that if you or I wanted education policy to go a certain way, we can vote for somebody who agrees with us... and that's about it. The Gates Foundation gets to frame the entire debate, channel millions into advocacy campaigns, and provide attractive incentives for schools to follow suit, especially if by doing so they end up buying more Microsoft products. More influence is being wielded than just the land that Microsoft's headquarters is on, and you know that.

And I think you are overemphasizing their power here. The cause was already there and they are helping it. The power of the teacher unions is huge too and it has rich and poor supporters of it.
 
Is it possible for you to stay on topic for once?

That's fine. But you made a bad argument when I stayed on topic to start out. Whether people think the 1% own 15% below the right number, or 15% isn't really an issue. The issue is what does the wealth percentage really mean in terms of what people can or can't do.
 
Is it possible for you to stay on topic for once?

That's fine. But you made a bad argument when I stayed on topic to start out. Whether people think the 1% own 15% below the right number, or 15% isn't really an issue. The issue is what does the wealth percentage really mean in terms of what people can or can't do.

Which, accordingly, was when you said the only thing Bill Gates' wealth has any influence over is some land in silicon valley.
 
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