Re:U.S. Income Inequality Hits a New Threshold
by gameswithgo on Thursday March 01, 2018 @02:49PM
(#16495514)
yes, but he just made that idea up, and it doesn't make a lot of sense, also probably never happens.
Re:U.S. Income Inequality Hits a New Threshold
by jdoliner on Thursday March 01, 2018 @03:08PM
(#16495703)
He certainly didn't just make that idea up. You can find plenty of research on it by googling "turnover in the 1%".
For example:
http://money.cnn.com/2016/01/07/news/economy/top-1/index.htm...
Re:U.S. Income Inequality Hits a New Threshold
by marnett on Thursday March 01, 2018 @03:20PM
(#16495848)
The 'feudal lords' are not the 1%. They would be the .1% or the .01%. I imagine the latter two remain a much more static environment.
Also, the 1% in this article is not even defined. After some digging it looks like it is Gross Adjusted Income. There are CEOs who wouldn't be considered in the 1% because they take salaries of $1 while making millions in stock options - it is such a ridiculous metric.
Inequality is about wealth as much as, if not more than, wage.
Re:U.S. Income Inequality Hits a New Threshold
by nugget on Thursday March 01, 2018 @03:42PM
(#16496081)
Stock compensation is rolled into AGI. But I agree with you that 1%ers are not feudal lords.
Re:U.S. Income Inequality Hits a New Threshold
by ribosometronome on Thursday March 01, 2018 @02:57PM
(#16495601)
It's almost like the haves want to try avoiding being the have-nots.
To be fair, he did say it's concerning if the top income brackets are static, so as long as we shuffle out our feudal lords from time to time, we should be okay.