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The States With The Worst Income Inequality
24/7 Wall Street ^ | 04/21/2011 | Douglas A. McIntyre & Charles B. Stockdale

Posted on 04/23/2011 4:07:45 PM PDT by arderkrag

There was never any chance that in America income would be distributed like it was supposedly done in the Soviet Union – to each according to his ability and his needs. If capitalism is the key to the rise of the US economy, then the concept that some people can be richer than others is near the heart of the system. Americans worship self-made billionaires such as Bill Gates and Warren Buffett because they believe that it’s possible for them to be that wealthy too.

Unfortunately, there are far more poor people than wealthy ones. America is the world’s most visible case of that. A small number of people in the US control most of the income, wealth, and property. More than one in eight people live below the poverty level and that number has grown recently. No matter what the government has done to bridge the difference between the groups, it has been ineffective, and that situation is not likely to change given the current tax laws. The wealthy have a higher tax rate, but even what they keep after taxes is far in excess of what most other Americans have.

---SNIP---
The Marxian ideal is a “zero,” and a state in which one group possesses all the wealth and another has none would be “one.” The state in which the inequality is greatest in America, New York, is 0.5. Global statistics show that in come countries, the figure is as high as 0.7.

(Excerpt) Read more at 247wallst.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Extended News; Politics/Elections
KEYWORDS: libtards; poor; rich; taxes
The List:
10. Massachusetts
9. Illinois
8. Georgia
7. Florida
6. Mississippi
5. Alabama
4. Louisiana
3. Texas
2. Connecticut
1. New York
1 posted on 04/23/2011 4:07:52 PM PDT by arderkrag
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To: arderkrag

Shouldn’t the title read “Worst Income Equality”? Worst Inequality = Most Equal, right? ;-)


2 posted on 04/23/2011 4:14:52 PM PDT by Charles Martel (Endeavor to persevere...)
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To: arderkrag

From the artile “Unfortunately, there are far more poor people than wealthy ones. America is the world’s most visible case of that. A small number of people in the US control most of the income, wealth, and property. More than one in eight people live below the poverty level and that number has grown recently.”

What A pant load this is. Th entire article is absolutely stupid.

Yes, the wealthiest people in the World live in America, for the most part. Yes, many more people than that earn less than the poverty level. However, Our poor are by far the wealthiest poor in the World.They are the fattest Poor people you will ever see. Most ‘POOR’ in this country own a car, have color TV with cable, have their own bed, live in a home or apartment with Air conditioning, own a DVD and some sort of video game system .\\

The ‘POOR’ in this country live like the upper middle class and wealthy in most countries.

Te fact is that there will always be poor and rich. In a conservative capitalist society a person can move between the classes.

It is imposible to look at a group of high earners or high net value people in this country and tell where they started out in life. That can not vbe said of many countries.


3 posted on 04/23/2011 4:17:27 PM PDT by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
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To: Jim from C-Town

Mostly Democratic dumps, what does that tell you?


4 posted on 04/23/2011 4:19:02 PM PDT by acapesket
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To: Jim from C-Town

There are no poor people in this country. People in Haiti are poor, the “poorest” American would live like a king in Haiti.


5 posted on 04/23/2011 4:19:34 PM PDT by dfwgator
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To: dfwgator

exactly, This clss warfare bulsh%& has got to end.

In no way is anybody poorer because Bill Gates is rich. As a matter of fact Bill Gates has made many many people wealthy and not only those that work for or with him in any way.


6 posted on 04/23/2011 4:28:23 PM PDT by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
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To: arderkrag

A healthy society needs balance, not equality. 49% of the population can’t all be rocket scientists and 49% can’t be poor either. Our problem is that we are creating too many poor and we’re out of balance. Our welfare state is exactly what is producing so many poor folk.


7 posted on 04/23/2011 4:30:51 PM PDT by umgud
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To: arderkrag

Just remember Tennessee is back-woods and nobody in their right mind should come here.


8 posted on 04/23/2011 4:31:20 PM PDT by eyedigress ((Old storm chaser from the west)?)
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To: arderkrag
like it was supposedly done in the Soviet Union – to each according to his ability and his needs

Karl Marx actually said "From each according to his abilities, to each according to his needs."

9 posted on 04/23/2011 4:33:00 PM PDT by Freee-dame
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To: arderkrag
Some more of this class warfare b.s.

If I was all that upset about living in one of those supposed "inequality" states...I'd move.

They can bitch all they want, but I will share my money with whomever I please...
10 posted on 04/23/2011 4:36:52 PM PDT by FrankR (Liberals Don't Have Scruples, Judgement or Morals...only MOTIVES.)
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To: arderkrag

GINI is a Marxist-created index that is absolutely idiotic. If everyone is in poverty, the index says the economy is just grand. If there are just a few prosperous people, the index still reads pretty good. The more people get wealthier, however, the WORSE the Index gets.

Since the U.S. has fairly little true poverty left, it’s a decent measure between states, however.

Given the oil wealth, its not surprising Texas and Louisiana are high on the list. And the influx of newer wealth explains Florida, Georgia and Alabama. But that Massachusetts, New York, Connecticut and Illinois, states that have massive state intervention supposedly to eradicate poverty, are so high on the list should be the shame of liberalism.


11 posted on 04/23/2011 4:42:32 PM PDT by dangus
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To: Freee-dame

That lone was the first indicator that this article is progressive drivel.


12 posted on 04/23/2011 4:46:03 PM PDT by REDWOOD99
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To: Jim from C-Town

re: Our poor are by far the wealthiest poor in the World

Exactly! And there has never been a country where it’s worked out like the socialist mind would have you believe is the correct way. In every socialist country you have the elite who have what the upper class has in a capitalist country.

I would much rather be poor in America than rich in a lot of countries around the world!


13 posted on 04/23/2011 4:48:35 PM PDT by jwparkerjr (I would rather lose with Sarah than win with a RINO!)
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To: acapesket

Lots of moochers who are too stupid, lazy or ignorant to improve their own lives or the lives or their children.


14 posted on 04/23/2011 4:52:55 PM PDT by BenLurkin (This post is not a statement of fact. It is merely a personal opinion -- or humor -- or both)
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To: arderkrag
Unfortunately, there are far more poor people than wealthy ones. America is the world’s most visible case of that.

And the writer of this garbage article has never stuck their head out of their insulated ivory-tower existence in their life or they're flat-out lying. I'd give it 50-50 either way.

15 posted on 04/23/2011 4:53:57 PM PDT by Excuse_My_Bellicosity (Liberalism is a social disease.)
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To: Jim from C-Town
one in eight people live below the poverty level

Quick, import a few million more third-worlders. We can easily get that ratio up to one in seven.

16 posted on 04/23/2011 4:57:33 PM PDT by eclecticEel (Life, Liberty, and the Pursuit of Happiness: 7/4/1776 - 3/21/2010)
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To: arderkrag; All

http://www.youtube.com/watch?v=dmzZ8lCLhlk&feature=related

The truth abouy the Robber Barons -


17 posted on 04/23/2011 5:00:22 PM PDT by maine-iac7 ("We stand together or we fall apart" mt)
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To: arderkrag; All

http://www.youtube.com/watch?v=1UaZx_DIKgI&feature=relmfu


18 posted on 04/23/2011 5:05:46 PM PDT by maine-iac7 ("We stand together or we fall apart" mt)
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To: maine-iac7

The liberal answer is for everyone to be poor. no rich = income inequality and all the power to the govt

It’ll work the same way as their answer for education - make it all equal by making it all crappy.


19 posted on 04/23/2011 5:12:31 PM PDT by gthog61
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To: Charles Martel

” More than one in eight people live below the poverty level and that number has grown recently.”

Terribly misleading statistic. I think this statistic is based either on AGI or census values. The number does not count the large amount of transfer payments at all levels of government. Aside from self-destructive behaviors, the lower class has a better lifestyle than the middle class. The lower class does not pay federal income tax and transfer payments are mostly not taxed. In addition, I think the lower class has lots of economic activity from the black market. There is a large incentive for the lower class to work off the books.


20 posted on 04/23/2011 5:12:54 PM PDT by businessprofessor
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To: eclecticEel

no kidding!


21 posted on 04/23/2011 5:14:26 PM PDT by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
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To: arderkrag

I care about my net worth, not the ratio of Mr. Bill’s net worth to mine. If increasing that ratio improves my net worth, what’s not like?


22 posted on 04/23/2011 5:20:07 PM PDT by cynwoody
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To: arderkrag

Equal Income = Unfair Economics

I prefer fairness and freedom over equality and tyranny.


23 posted on 04/23/2011 5:25:16 PM PDT by Cvengr (Adversity in life and death is inevitable. Thru faith in Christ, stress is optional.)
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To: arderkrag
>"Unfortunately, there are far more poor people than wealthy ones."

And with increasing taxes and regulations there will be LESS AND LESS of the wealthy ones created!

Dinner today, starvation till death tomorrow.

It's the Commie Way!!!!!!

Vote Commie!!!! YAY!!!!!

24 posted on 04/23/2011 5:25:52 PM PDT by rawcatslyentist (It is necessary that a person be born of a father who is a citizen; ~Vattel's Law of Nations)
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To: eclecticEel
Quick, import a few million more third-worlders.

Why do you think they won't close the borders?

Why do you think they are quietly doing other things that you won't hear about in the media - like:

They recently closed down Brunswick Naval Air Base in Maine - right after they build hundreds of top of the line new duplexes that were to be base housing for enlisted.

Right. Guess who's going to be living in them...after they get through with brand new renovations?

2,600 Somalis.

You think these people will be self-sufficient? Do you think they will either bother or be inclined to assimilate when they are being give a totally separated community all to themselves? It will more likely become a little Muslim town within the town of Brunswick.

Why didn't they, instead, let these homes become rentals to the general public? Maine has a huge shortage of rentals. Why not let working citizens live there?

The area has already suffered a huge blow from the closing of the base. And just where does the federal gov't get the right to impose this on a state arbitrarily? Why wouldn't the community and the state at least have some say? Oh, right, the Feds own the base. And the community and the state get to pick up the tab.

I'm glad I don't live nearby - but I used to visit the base regularly when my daughter's family lived here (hubby/pilot) - and Brunswick was a beautiful town/area - with a reknowned college, Bowdoin.

Prayers for Brunswick.

25 posted on 04/23/2011 5:44:54 PM PDT by maine-iac7 ("We stand together or we fall apart" mt)
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To: arderkrag

There is a logical explanation for widening of the income gap, and “blame” for it falls squarely on the left.

When I was a kid, a male lawyer would typically be married to a woman who stayed home with their children. Today, he is more likely to be married to another lawyer, also with a substantial income. This phenomenon of two high powered salaries has widened the gap with single-parent homes.

Most of the “poor” are in single parent households. If they werent, many of them would not be “poor.” And whose policies gave us all these single-parent homes?

These people need to stop whining and take responsibility for the mess they created with the welfare state.


26 posted on 04/23/2011 5:52:14 PM PDT by freespirited (Truth is the new hate speech. -- Pamela Geller)
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To: maine-iac7
BTW, regarding my post #25 and the forced influx of 2,600 somalis imminent> The 2010 census at just over 21,000.

With the recent closing of Brunswick Naval Air Station, that number may even be lower now. And they are trying to overcome the blow from the closing of the base.

So a sudden onslaught of 2,600 (that's over a 12% immediate onslaught) of ANY group would be a big impact. But such a number that will move into free housing and be on welfare???

27 posted on 04/23/2011 6:02:32 PM PDT by maine-iac7 ("We stand together or we fall apart" mt)
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To: maine-iac7
BTW, regarding my post #25 and the forced influx of 2,600 somalis imminent> The 2010 census at just over 21,000.

With the recent closing of Brunswick Naval Air Station, that number may even be lower now. And they are trying to overcome the blow from the closing of the base.

So a sudden onslaught of 2,600 (that's over a 12% immediate onslaught) of ANY group would be a big impact. But such a number that will move into free housing and be on welfare???

28 posted on 04/23/2011 6:02:35 PM PDT by maine-iac7 ("We stand together or we fall apart" mt)
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To: arderkrag

Most of the poor are living on government handouts...they have no motivation to work and improve their situations.


29 posted on 04/23/2011 6:30:03 PM PDT by TASMANIANRED (We kneel to no prince but the Prince of Peace)
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To: acapesket
8. Georgia 7. Florida 6. Mississippi 5. Alabama 4. Louisiana 3. Texas

These states are hardly Democratic dumps but they do all have one thing in common.

30 posted on 04/23/2011 6:37:43 PM PDT by BBell
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To: Freee-dame

Freee-dame wrote: Karl Marx actually said “From each according to his abilities, to each according to his needs.”

..... a famous quotation indeed. What I have never seen, however, is any explanation by Herr Marx of just exactly who is to decide what any particular citizen’s abilities are worth or what his “needs” might be.

The complete moral emptiness of such a concept is so huge as to be impossible to ignore.


31 posted on 04/23/2011 7:13:27 PM PDT by Senator John Blutarski (The progress of government: republic, democracy, technocracy, bureaucracy, plutocracy, kleptocracy,)
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To: eyedigress

Case in point: Al Gore lives in Tennessee and he’s not in his right mind.


32 posted on 04/23/2011 7:52:46 PM PDT by Verginius Rufus
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To: Verginius Rufus

Exactly, if were not for us back-woods rednecks that idiot would have been 42, or something.


33 posted on 04/23/2011 8:05:25 PM PDT by eyedigress ((Old storm chaser from the west)?)
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To: Verginius Rufus

Yes, there is a Santa Claus.


34 posted on 04/23/2011 8:13:57 PM PDT by eyedigress ((Old storm chaser from the west)?)
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To: gthog61
The liberal answer is for everyone to be poor. no rich = income inequality and all the power to the govt

Having bicycled around in the USSR (back when it was still the USSR) I can tell you there were some folks with money (nice weekend dachas on the river, etc.)... it's just that those people were all government workers/cronies. Everyone else was dirt poor. They even had different stores with imported cigarettes and other goods that only government people were allowed to shop in.

35 posted on 04/23/2011 8:19:15 PM PDT by Cementjungle
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To: Cementjungle
I can tell you there were some folks with money (nice weekend dachas on the river, etc.)... it's just that those people were all government workers/cronies. Everyone else was dirt poor.

Hmmm...

Did they, on average, earn twice as much as their 'civilian' counterpart?

36 posted on 04/23/2011 8:30:46 PM PDT by Balding_Eagle (Trump fights to win...if he announces, he's going to fight a fight we've never seen, and will win.)
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To: Balding_Eagle

A lot more than twice as much, for sure.


37 posted on 04/23/2011 8:42:21 PM PDT by Cementjungle
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To: businessprofessor
I honestly don't care about the "poor" so much as I worry about the working poor....those who are really trying and every turn of the road, the govt pushes them down...

in the grand scheme of things, there can only be so many bosses for so many workers...the vast majority of us HAVE TO BE the workers....

the govt want to square things up a bit?....how about eliminate some of he ridiculous taxes that we face...how about stopping the cheap flow of illegals taking over jobs......how about instead of paying for illegals to have the best healthcare and education, the govt spend more on its own tax paying citizens...

38 posted on 04/23/2011 11:33:21 PM PDT by cherry
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To: businessprofessor

“Aside from self-destructive behaviors, the lower class has a better lifestyle than the middle class.”
////////////////////////////////////////////////////////////

So, in reality the “lower” class is the “middle” class economically and vice versa, right?


39 posted on 04/24/2011 5:50:48 AM PDT by RipSawyer (Trying to reason with a liberal is like teaching algebra to a tomcat.)
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To: eyedigress

“Just remember Tennessee is back-woods and nobody in their right mind should come here.”
/////////////////////////////////////////////////////////////

I am well aware of that but nonetheless I am considering a move to Tennessee to get away from the poverty, disease, misery, snakes, alligators, coyotes, bears, black widows, brown recluses, alcoholism, diabetes, depression and general all around disaster in South Carolina.


40 posted on 04/24/2011 5:56:19 AM PDT by RipSawyer (Trying to reason with a liberal is like teaching algebra to a tomcat.)
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To: BBell

Hmm...Washington State (Bill Gates) and Nebraska (Warren Buffett) don’t even make the list?

Buffett’s $48.1 million income raises the mean income of the state by less than $23, but it has to inflate the variance by quite a bit.

The Census Bureau does use masking procedures when they release income data. I don’t know if the data came from Census or not but if it did they need to be careful about analyzing it.


41 posted on 04/24/2011 7:18:24 AM PDT by scrabblehack
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To: RipSawyer

Well, we don’t have alligators unless some idiot puts them in the river.


42 posted on 04/24/2011 12:00:19 PM PDT by eyedigress ((Old storm chaser from the west)?)
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To: eyedigress

The gators have come back strong in SC. Down on the coast at Brookgreen Gardens which is one of the most beautiful sights on Earth you can see alligators big enough to scare Boudreau and Thibodeaux. Oh, forget that remark about Brookgreen, there is nothing in this state worth seeing, now Tennessee is another matter, beautiful mountains, lakes, caverns, rivers, Rock City, Ruby Falls, a true paradise.


43 posted on 04/24/2011 4:23:05 PM PDT by RipSawyer (Trying to reason with a liberal is like teaching algebra to a tomcat.)
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To: RipSawyer

I have their decanters. Mom had a place near there.


44 posted on 04/24/2011 4:27:45 PM PDT by eyedigress ((Old storm chaser from the west)?)
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To: RipSawyer

Live safe and enjoy it all.


45 posted on 04/24/2011 4:28:55 PM PDT by eyedigress ((Old storm chaser from the west)?)
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To: eyedigress

*


46 posted on 05/16/2011 9:06:51 PM PDT by Beaten Valve
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