Wednesday, May 25, 2011

Third-World Income Distribution: Welcome to America

This is what America has become.  A third-world nation.  I've written before about how the rich get richer in America, but this chart makes it starkly clear.
Chart from the New York Times based on data from The Tax Policy Center 
If you're wondering why the "rich" don't feel very "rich," here's why.

Another, comparitive view of this phenomenon utilizing the Gini coefficient shows that the United States has an income distribution halfway between Namibia (least even) and Sweden (most even).

distribution Income Distribution by Country

Another, global view of the data

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