Quote:
Originally Posted by raytri";p="
5. The wage disparity is probably even greater, because the IRS estimates that it taxes 99 percent of wage income but only about 70 percent of business and investment income, because those categories rely far more heavily on accurate self-reporting.
Are those all worthy of ignoring?
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Pretty much. I don't have a problem with income inequality. I think it's a good thing. Or, would you rather everyone earned the same, regardless of ability or effort?
As I've pointed out in other threads, North Korea has very equal income distribution, but the average "poor" person in the U.S. is far better off than a "middle-class" North Korean. This is because the Bill Gates' and Warren Buffets' that our system enables may widen the gap between rich and poor, but they also ultimately raise the standard of living for everyone.
This widening income gap does not mean that people are getting poor so much as others are getting rich. And there is nothing wrong with this. Or are we now to judge wealth (or lack thereof) by what others have, rather than what we ourselves have?