Nothing will change because a sizeable portion of the population of this nation is scared and stupid. Scared because if income was more evenly distributed those “other” people may be elevated to an equal social status; and stupid because if laws governing taxation and other means of wealth accumulation were made more equitable, they may lose out when it becomes their turn to “hit the jackpot”. This is the legacy of the woefully misnamed “Greatest Generation”.

SOCIAL JUSTICE

Nice piece of work (by the OECD).

It supports, however, what has been known for quite some time. Economists have employed the Gini Coefficient to track Income Inequality (or Unfairness) for quite some time.

The Gini Coefficient that depicts both historically the level of Income Unfairness by country can be found here. What can we learn from that info-graphic?  [Note that up is bad (towards more unfairness) and down is good (towards less unfairness) in terms of Gini Coefficients.]

First off all, that since the magical year of 1980 (when Reckless Ronnie was elected) our Income Unfairness has gone to hell in a hand-basket. From 1950 onwards it trends slightly downwards, when in 1980 it suddenly inflexed oppositely - gaining about 8 points on its upward swing.

What else can we learn? Once upon a time we had a Gini Coefficient that was on the high end of a range around 30 to 35 wherein lay most of the European countries. In fact, the European countries, where Social Justice is of high concern, maintained their Gini Coefficients within a tight band.

What is Social Justice? It is the mechanism by which there exists an Incomes Policy that generally means the more you earn the much more you are taxed. And the Tax Revenues are disbursed by means of:
* First-class Universal National HealthCare Systems (which cost about a third of our private enterprise insurance), as well as
* Postsecondary Education that gives their workforce the skill-sets necessary nowadays to find a decent job (meaning tertiary schooling at a university, college or vocational school is not free but nearly so) - which means that fewer kids are left behind and they do not graduate with an enormous debt hanging around their necks,
* High-speed trains that spew less pollution into the atmosphere than commercial jet aircraft, and
* Subsidized housing for first-time buyers that installs a couple in decent accommodations within which to found and nurture their families (without generating a SubPrime Mess that brings their nation to its knees).

And, most importantly, no silly wars that cost an arm and leg whilst bringing dead and maimed soldiers home to their families.

MY POINT

The above constitute the main elements of a progressive “Social Justice” program, which were implemented by a political class that listened to its constituency clamoring to have all those Public Services. Or they did not get elected. (Get it?)

And if we, the sheeple, do not demand and obtain the same, then we will never have them either. (Get that?)

It’s really quite simple ...

POST SCRIPTUM

The “Gini” is no magic. It refers to Corrado Gini who was the Italian statistician who devised the method.

In a bizarre way this is almost laughable…....we know
this, a whole bunch of people, like MILLIONS of people know this,
they’re called Americans.

The good thing is, now we have the proof, in
black and white that is. I only needed to look in my wallet and look at their house.