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Re:US Income Inequality: All for the Top 1% by arcanus on Tuesday August 22, 2017 @10:38AM (#15072800)
Real title was, 'Our Broken Economy, in One Simple Chart'.

Despite some of the recent coverage, this chart indicates that gains are not going to the top 20%: they are going to top 1%, and particularly <1%.

To be clear, this is not many programmers: "In 1980, the top 1% of adult earners in the U.S. made $420,000 a year, on average (before taxes and measured in 2014 dollars) — 27 times as much as the average for the bottom 50% of earners. Today the top 1% of earners make an average of $1.3 million a year — 81 times as much as the average for workers in the bottom half."

HBR also found that gains are increasingly going to the top firms: there is a global set of winners and losers. Inequality is growing everywhere, in all fields. https://hbr.org/cover-story/2017/03/corporations-in-the-age-...

Re:US Income Inequality: All for the Top 1% by frgtpsswrdlame on Tuesday August 22, 2017 @11:10AM (#15073139)
I'm not sure we can just blame this on the tiny minority of mega-rich at the top. The whole inversion of the curve is cause for alarm. The chart is great but it seems like everyone's eye is catching on that crazy portion on the far right. Not only do we have to bring that down, we need to grab the line at 5% and start yanking it up. That's probably going to require policies and taxes that not just the 1% but the 20% as well don't like.

EDIT: I'd also like to plug this really great article on regional inequality which is a huge problem but usually goes unmentioned in these sorts of discussions: http://washingtonmonthly.com/magazine/novdec-2015/bloom-and-...

Re:US Income Inequality: All for the Top 1% by gcb0 on Tuesday August 22, 2017 @11:29AM (#15073348)
The 20% can be completely left alone while you bring the bottom line up. but the <1% always manage to convince up to the 80% that they will be affected too. this results in what I call the right wing poor people. People that can only benefit from more taxes to the rich and land redistribution, but because they see their palpable earnings as being part of some intangible upper middle class (e.g. poor people that own one home, or programmers making $170k a year in sf) they are against any of that. it's the most effective propaganda war.
Re:US Income Inequality: All for the Top 1% by cristianpascu on Tuesday August 22, 2017 @11:25AM (#15073303)
If the inequality is artificial, it might be that an artificial intervention will reverse it. If it's not, than so God help us. A democratically "elected" Robin Hood will probably just take a lot from the rich and give a little to the poor to keep being "elected" democratically.

On another side of life, the moment people have enough to pay the bill, anything more will not make them any happier. Leveling the income or the wealth is not doing anything effective to increasing happiness. What's and where's the problem of inequity? The fact that I can't afford a luxurious yacht trip?

Re:US Income Inequality: All for the Top 1% by AstralStorm on Tuesday August 22, 2017 @01:05PM (#15074323)
The actual problem is working long hours when you could be working short hours for the same pay, freeing time for both enjoyment, well being and creativity.

Rich can also afford to hire servants and employees to do things for them. They can also afford expensive extra things or medical procedures without getting bankrupted. Capital such as factories, research facilities. Teams to manipulate both common people (marketing) and politicians (lobbyists).

Re:US Income Inequality: All for the Top 1% by frgtpsswrdlame on Tuesday August 22, 2017 @01:00PM (#15074269)
What is "artificial" in your mind?
Re:US Income Inequality: All for the Top 1% by mariushn on Tuesday August 22, 2017 @11:13AM (#15073169)
Personal opinion: it's also harder to grow or get investment on a startup which competes or might compete with a big corporation in future, just because bigCorp might go into that area as well, or add a "feature" which represents your entire business.

How do you tackle this?

Re:US Income Inequality: All for the Top 1% by sogen on Tuesday August 22, 2017 @05:48PM (#15076664)
Re:US Income Inequality: All for the Top 1% by watecmascript on Tuesday August 22, 2017 @11:54PM (#15078410)
There are several advantages to being a small company. The biggest is you can offer 1-on-1 individualized support. Another big advantage is small companies have less mass and can adapt to customer/market needs quicker.

Jason Cohen has a lot of good advice on the competitive advantage of small companies: https://www.youtube.com/watch?v=1rMPbAN6i7s

Re:US Income Inequality: All for the Top 1% by DataWorker on Tuesday August 22, 2017 @11:20AM (#15073252)
So it's all going to Bezos, Soros and Carlos Slim?