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by JoshTriplett
5362 days ago
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In addition to the pie fallacy, it also fails on several other levels, notably that even if every single person had an identical income, simple savings for retirement would cause a significant "wealth disparity". "Inequality in Equalland" showed that even in completely "equal" conditions, the wealthiest 20% of people would have 64% of the wealth. http://www.daemonology.net/blog/2011-01-10-inequality-in-equ... Talking about "income disparity" at least makes marginal sense, albeit frequently with a large dose of entitlement thrown in. But the concept of "wealth disparity" makes no sense at all. |
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