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A comment on US Published National Debt: $28T. The Truth: $146T. Each Taxpayer's Share: $951k. Parent comment

Re:US Published National Debt: $28T. The Truth: $146T. Each ... by wallawe on Thursday September 30, 2021 @02:56PM (#28709851)
Inequality seems like a meaningless metric. It's not a good measure of a society's well being.

For example, let's assume a country of 10 where 9 people have $1 million and 1 person has $100 trillion. The inequality is massive but everyone has a great standard of living.

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Re:US Published National Debt: $28T. The Truth: $146T. Each ... by sassifrass on Thursday September 30, 2021 @03:16PM (#28710142)
That’s not how the Gini coefficient[1] is being calculated.

[1] https://en.wikipedia.org/wiki/Gini_coefficient

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Re:US Published National Debt: $28T. The Truth: $146T. Each ... by bserge on Thursday September 30, 2021 @04:06PM (#28710696)
And now let's take a real example where 100 people have a trillion and 100,000,000 people have 10,000. And that's not even the bottom end.
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Re:US Published National Debt: $28T. The Truth: $146T. Each ... by Ekaros on Thursday September 30, 2021 @04:03PM (#28710658)
Without external trade I doubt that 1 million will buy too much.
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Re:US Published National Debt: $28T. The Truth: $146T. Each ... by agentdrtran on Thursday September 30, 2021 @03:11PM (#28710086)
that thought experiment is nice but in the real world we have widespread poverty and 1% with more money than any human could ever spend
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