GINI: Egypt #4 in the world, USA #2
What are you Egyptians complaining about? They are better off then the citizenry of the USA.
#1-Brazil ………56.7 GINI (huge sections of ghettos, leaning towards communism)
#2-USA ……….45.0 GINI (richest people in the world have the power and our money.)
#3-Thailand. …...42 GINI (riots in the streets)
#4-Egypt….……34.4 GINI (riots in the streets)
These are the four nations in the world with the highest GINI Coefficient.
The Scandinavian countries have GINI Coefficients in the low 20s’ and tranquility.
The GINI Coefficient measures the income inequality among the entire population of the country. The higher the number, the more income is being taken in by a small group. Likewise if the majority of the population is making most of the money, the lower the Gini Coefficient will be.
The GINI Coefficient determines if the disparity is growing or shrinking in a country. If you were making $18.00 an hour in a factory and Wal-Mart told your boss to have the product made in Thailand for $2.00 an hour: you would be laid off and your boss would get a raise. You turn around and get a job for $10 and hour. This increases the Gini Coefficient and that is what is occurring in this country.
Increased disparity results in big trouble for a country. If it gets high enough, you may see calls for taxes on the wealthy or curbing of executive pay (good luck, tried that). As the disparity grows the violence and unrest grows. The US has violence with 7% of the male workforce in prison, more than the rest of the world combined.
GINI; Gazette International Networking Institute
Net Worth in U.S. is even worst: The top 2% have as much net worth as the bottom 95%.
Saltliner: Egypt is showing the future for the United States. This is the real reason for recent laws allowing for a police state and a large military in the USA.
[note from WIEL]
BEIJING - The Gini coefficient - a commonly used measure of inequality of wealth - has reached 0.47 in China, overtaking the recognized warning level of 0.4, government-affiliated experts have said.
"The Gini coefficient in China has been continuously rising after it reached the alarming 0.4-level 10 years ago," Chang Xiuze, a researcher with the academy of microeconomic research under the National Development and Reform Commission, was quoted as saying in the Economic Information Daily on Monday.
The brainchild of Italian statistician Corrado Gini, the Gini coefficient, which is a measure of statistical dispersion, is commonly used as a measure of inequality of income or wealth.
A low Gini coefficient indicates more equal distribution, with 0 corresponding to complete equality, while higher Gini coefficients indicate more unequal distribution, with 1 corresponding to complete inequality.
"The gap between the rich and poor has become unreasonable," Chang said.
Li Shi, a professor on income distribution and poverty studies with the Beijing Normal University, said the income of the top 10 percent of the richest Chinese was 23 times that of the bottom 10 percent in the country in 2007, as compared with 1998, when the gap was only 7.3 times.
Some economists believe the widening wealth gap is partly the result of large amounts of "illegal income" resulting from corruption.
According to a 2007 survey conducted by Wang Xiaolu, deputy director of the national economic research institute under the China Reform Foundation, about 4.8 trillion yuan ($703 billion) of urban income evaded tax and was referred to as "hidden income", the Economic Information Daily report said.
About 75 percent of the "hidden income" belonged to the high-income category, according to the survey, which covered more than 2,000 urban families across the country.
Experts also noted the unreasonable high incomes in "monopoly trades of electronic information, oil, finance and tobacco" and "profiteering trades of real estate, coalmine exploration and securities".
"The income of senior executives in some State-owned enterprises is about 128 times of the average social income," Su Nanhai, director of the labor and wage institute under the Ministry of Human Resources and Social Security, was quoted as saying.
"The gap is about 18:1 between senior managers and common workers in the same listed State-owned enterprises," Su said.
Wei Jie, a professor with Tsinghua University, said monopoly trades should not dominate income distribution.
"It is sad that smart and hardworking people cannot have high incomes if they work in non-monopolized trades," he said.
The Gini coefficient
From Wikipedia, the free encyclopedia
Gini-coefficient of national income distribution around the world
The Gini coefficient is a measure of statistical dispersion developed by the Italian statistician Corrado Gini and published in his 1912 paper "Variability and Mutability" (Italian: Variabilità e mutabilità)[1][2]
The Gini coefficient is a measure of the inequality of a distribution, a value of 0 expressing total equality and a value of 1 maximal inequality. It has found application in the study of inequalities in disciplines as diverse as economics, health science, ecology, chemistry and engineering.
It is commonly used as a measure of inequality of income or wealth.[3] Worldwide, Gini coefficients for income range from approximately 0.23 (Sweden) to 0.70 (Namibia) although not every country has been assessed.
Some pages
WIEL