Understood, but I'm simply defining Y as not X. Within y, the distribution may not itself be homogeneous. There is also the issue of the regressive (and pernitious) nature of inflation on the Y.
Re:The Self-Destruction of the 1 Percent
by ryanwaggoner on Sunday October 14, 2012 @11:29AM
(#4651607)
I was responding to this:
-- The $8 Trillion "bridge loan" that finances this? Split pro-rata, of course, amongst the lower and middle class.
I don't think it will be split amongst the lower and middle class at all really. Upper middle class will end up paying for this. Unless you count the potential for a long-term deleterious effect on our economy, in which case we all get to pay for it :)
Of course, this is all just debt right now, so who knows what will end up happening. But given the conversation happening in this country right now, I can't see a big change in the 20% / 94% number above.
1. http://taxfoundation.org/blog/top-20-percent-households-pay-...