Attention Obama fans

Ricter · Oct 9, 2013

Quote from CaptainObvious:

OH, he's still a commie at heart. No doubt he thinks it'll be different this time with him in charge. What happened in Russia is a result of commiunism. This is what happens when government takes charge of everything and decides who gets what. You end up with a very few people having most everything. As corrupt as our system is, and it's getting worse by the day, it pales in comparison to what the commies pulled off.
More...

How convenient, he's still secretly a commie. Unless you believe jem who says he shifted. Lmao.

Anyway, the US and Russia don't look that different by gini coefficient:

<img src="http://upload.wikimedia.org/wikipedia/commons/thumb/6/69/GINI_retouched_legend.gif/550px-GINI_retouched_legend.gif">

List of countries by income equality:
http://en.wikipedia.org/wiki/List_of_countries_by_income_equality

Max E. · Oct 9, 2013

Quote from jem:

What a shift on the left side of the spectrum... all the way back from commie to powerful leftist leader with powerful cronies owning everything.
More...

I challenge you to find me an example where communism HASNT finished this way.

jem · Oct 9, 2013

jem pointed out the shift is virtually the same thing.

Quote from Ricter:

How convenient, he's still secretly a commie. Unless you believe jem who says he shifted. Lmao.

Anyway, the US and Russia don't look that different by gini coefficient:

<img src="http://upload.wikimedia.org/wikipedia/commons/thumb/6/69/GINI_retouched_legend.gif/550px-GINI_retouched_legend.gif">

List of countries by income equality:
http://en.wikipedia.org/wiki/List_of_countries_by_income_equality
More...

jem · Oct 9, 2013

The gini coefficient is defective.

perhaps ideally to be effective it would have to say income was distributed according to the amount and quality of contributions the person made to the society or the economy depending on what your goal is.

I for one would never want to be in a country where everyone had the same income.

I have seen countries which try and achieve that.

they have eleven men sweeping one tennis court.

The Gini coefficient is a number between 0 and 1, where 0 corresponds with perfect equality (where everyone has the same income) and 1 corresponds with perfect inequality (where one person has all the incomeâand everyone else has zero income). Income distribution can vary greatly from wealth distribution in a country. See: List of countries by distribution of wealth. Income from black market economic activity is not included and is the subject of current economic research.[1][2]

Ricter · Oct 9, 2013

Quote from jem:

The gini coefficient is defective.

perhaps ideally to be effective it would have to say income was distributed according to the amount and quality of contributions the person made to the society or the economy depending on what your goal is.

I for one would never want to be in a country where everyone had the same income.

I have seen countries which try and achieve that.

they have eleven men sweeping one tennis court.

The Gini coefficient is a number between 0 and 1, where 0 corresponds with perfect equality (where everyone has the same income) and 1 corresponds with perfect inequality (where one person has all the incomeâand everyone else has zero income). Income distribution can vary greatly from wealth distribution in a country. See: List of countries by distribution of wealth. Income from black market economic activity is not included and is the subject of current economic research.[1][2]
More...

There are other measurements shown on that table, and they're just a start.

Ricter · Oct 9, 2013

Quote from Max E. Pad:

I challenge you to find me an example where communism HASNT finished this way.
More...

First, are there any countries today that could be said to be "more commie" than the US?

Lucrum · Oct 9, 2013

Quote from jem:

The gini coefficient is defective.

More...

So is the idiot who keeps bringing it up ad naseum.

Ricter · Oct 9, 2013

Quote from CaptainObvious:

Here's a glimpse into our future, and in the cruelest of ironies, those that thought Obama would prevent this from happening here now have to live with the fact that he is facilitating it on the fast track.

MOSCOW (AP) -- A staggering 35 percent of household wealth in Russia is owned by just 110 people, the highest level of inequality in the world barring a few small Caribbean islands, a report by a major investment bank says.

By contrast, billionaires worldwide account for just 1-2 percent of total wealth, Credit Suisse said in its report published Wednesday. Russia has one billionaire for every $11 billion in wealth while in the rest of the world there is one for every $170 billion.

The fall of Communism saw Russia's most prized assets sold off to a small circle of businessmen later known as oligarchs. President Vladimir Putin allowed them to keep their wealth in exchange for their political loyalty.

Metals and banking tycoons Vladimir Potanin and Mikhail Fridman, who made their fortunes in the 90s, are still high on the list of Russia's richest men. But the past decade saw a rise of new billionaires who draw their wealth from state contracts and some of whom are known to be the presidents' friends, like Gennady Timchenko.

Credit Suisse said that there were hopes with the demise of the Soviet Union that Russia would turn into a high skilled economy with fair wealth distribution but "this is almost a parody of what happened in practice."

The 35 percent of wealth that Russian billionaires own is equivalent to $420 billion.

"Russia has the highest level of wealth inequality in the world, apart from small Caribbean nations with resident billionaires," the bank said in the report.
More...

Now in the US we have the half-dozen Wal-Mart heirs, the Waltons, worth as much as the bottom 40% of Americans. Good thing they're not politically involved, trying to increase their share even more. Oh, wait...

Banjo · Oct 9, 2013

http://www.businessinsider.com/where-the-worlds-millionaires-will-live-in-2018-2013-10

http://www.businessinsider.com/where-the-worlds-ultra-high-net-worth-live-2013-10