August 14, 2013
Why is Inequality So Much Higher in the U.S. Than in France?

The rich aren’t just different from you and me. They’re different from the rich in other countries too — they have more money as a share of the economy.
Now, all societies are unequal, but some are more unequal than others. The question is why the U.S. has become more so than just about any other rich country the past 30 years. After all, if rising inequality is mostly about universal factors like technology and globalization, we would expect the rise of inequality to be, well, universal. It hasn’t. As you can see in the chart below from a new paper by Facundo Alvaredo, Anthony Atkinson, Thomas Picketty, and Emmanuel Saez (AAPS), the top 1 percent have risen and risen in the U.S., but have only just risen, if that, most everywhere else. How’s that for exceptionalism?
Read more. [Image: Reuters]

Why is Inequality So Much Higher in the U.S. Than in France?

The rich aren’t just different from you and me. They’re different from the rich in other countries too — they have more money as a share of the economy.

Now, all societies are unequal, but some are more unequal than others. The question is why the U.S. has become more so than just about any other rich country the past 30 years. After all, if rising inequality is mostly about universal factors like technology and globalization, we would expect the rise of inequality to be, well, universal. It hasn’t. As you can see in the chart below from a new paper by Facundo Alvaredo, Anthony Atkinson, Thomas Picketty, and Emmanuel Saez (AAPS), the top 1 percent have risen and risen in the U.S., but have only just risen, if that, most everywhere else. How’s that for exceptionalism?

Read more. [Image: Reuters]

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    God.
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  23. houseoforange said: I’d like this question answered too!
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