Author Topic: Incomes Collapsing in the US  (Read 2316 times)

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Offline TimG

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Re: Incomes Collapsing in the US
« on: February 07, 2017, 03:32:24 pm »
This concern over income equality needs to have a reality check. I assume that no one wants to live in a society where everyone is equally dirt poor which means income equality is not a problem in itself. It must combined with other statistics before you can say whether the numbers are a concern. Two immediate questions come to mind:

1) How does the US compare to France wrt income growth?
2) How much of the difference is due to rich French people simply leaving the country?

IOW, if *absolute* incomes for the lower 50% grew in the US but fell in France then we don't really care that the *share* of income held by the lower 50% dropped.

Similarly, French policies may discourage wealth accumulation but if that has the side effect of slowing job growth and business creation then that bad for France in the long term.