News for hackers. Stuff that matters.
Re:Europe is now a corporate also-ran. Can it recover its fo... by throw0101a on Saturday June 12, 2021 @07:50AM (#27483821)
> Due to that, statistically, Europe does worse than the US wealth inequality […]

Do you have a source for the statistic that show this?

Another comment mentioned Gini. Piketty uses the share of the top percentile (1%) or decile (10%):

* https://www.newyorker.com/news/john-cassidy/pikettys-inequal...

* https://news.harvard.edu/gazette/story/2020/03/pikettys-new-...

The US isn't the worst in the world, but it is certainly more unequal than Europe as a whole, and most (all?) EU countries.

Re:Europe is now a corporate also-ran. Can it recover its fo... by sokoloff on Saturday June 12, 2021 @08:44AM (#27484076)
Both of those citations appear to be looking at income inequality measures rather than wealth inequality measures.
Re:Europe is now a corporate also-ran. Can it recover its fo... by throw0101a on Saturday June 12, 2021 @02:28PM (#27486474)
There are several chapters on wealth inequality in Piketty's book:

* https://en.wikipedia.org/wiki/Capital_in_the_Twenty-First_Ce...

Wealth is harder to measure because it's not as reported in most countries. You get an 'income slip' for tax purposes (e.g., US Form W-2), but there's no official 'wealth slip'.

That's one of the things that Piketty suggests: declaring of credits and debts in an official way, which could then be used for a (net) wealth tax. Starting as little 0.1% if you're just over (e.g.) $US 10M, and having a top rate of (e.g.) 2% for those that are worth more than (say) US$ 1B.

Re:Europe is now a corporate also-ran. Can it recover its fo... by AstralStorm on Saturday June 12, 2021 @09:51AM (#27484488)
What is wealth but income accumulated over time?

(Or wealth stolen from others. Oops?)

Re:Europe is now a corporate also-ran. Can it recover its fo... by sokoloff on Saturday June 12, 2021 @09:54AM (#27484515)
Wealth is the integral of income minus expenses plus net unrealized gains over time. The latter two terms are pretty significant in the overall calculus, if you’ll pardon the (partial?) pun.
Re:Europe is now a corporate also-ran. Can it recover its fo... by j_wtf_all_taken on Saturday June 12, 2021 @01:44PM (#27486121)
Yeah but what pays for rent and food? Income.