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I gave you the link to the original Credit Suisse report, and it is also in your forbes link. In the ORIGINAL report 0.852 for US and 0.879 for Russia are the Gini numbers for WEALTH inequality, not INCOME, got it?
So I suggest to read critically before posting. The other two are not listed in the original report, so I'm not going to comment.
And lastly, if it is still not clear, the CIA world factbook link that I posted shows Gini values for INCOME inequality.
Youre under-informed, as usual.
Quote:
"The Gini index measures the extent to which the distribution of income (or, in some cases, consumption expenditure) among individuals or households within an economy deviates from a perfectly equal distribution."
Funny how OP leaves out that Finland doesn't have any private schools at all, and they pay their teachers well, and they have the best ranked education in the world
Actually, they do. They only consider private schools public because education funding follows the student, and goes to whichever school the student attends. Private schools are only subsidized by government education funding while public schools are actually owned by the city or state.
There's no reason to not believe OECD's definition: "The Gini index measures the extent to which the distribution of income (or, in some cases, consumption expenditure) among individuals or households within an economy deviates from a perfectly equal distribution." https://stats.oecd.org/glossary/detail.asp?ID=4842
Quote:
The numbers in your article are for WEALTH, this is why they are so high, got it?
I quoted two different articles, one compareded income inequality and the other compared the wealth of the top 1%: Forbes and Reuters, respectively. In both cases, income and the wealth of the top 1%, Sweden's inequality is higher than that of the US.
Quote:
P.S. I might have said this before but do not try to teach me math, like ever, you are not qualified.
Oh please, you can't even figure out that data from 1995 is 25 years old.
Anyone who knows Norway knows they used to be a country of poor farmers. It was so poor that it wasnt even a target during WWII. In 1967 the country discovered oil, enough to fulfill europes demand. A country of 5 million people they have enough oil revenue for all their citizens to provide benefits
Err... have you read any history? Norway was invaded by the Germans in WWII. Their economy was irrelevant -- the Germans wanted to maintain Swedish iron imports.
]There's no reason to not believe OECD's definition: "The Gini index measures the extent to which the distribution of income[/b] (or, in some cases, consumption expenditure) among individuals or households within an economy deviates from a perfectly equal distribution." https://stats.oecd.org/glossary/detail.asp?ID=4842
I quoted two different articles, one compareded income inequality and the other compared the wealth of the top 1%: Forbes and Reuters, respectively. In both cases, income and the wealth of the top 1%, Sweden's inequality is higher than that of the US.
Oh please, you can't even figure out that data from 1995 is 25 years old.
Here, I'll help: 2020-1995=25
What part of that don't you understand?
Lol, yes, there is no reason to not believe the OECD definition for the Gini index for income inequality. What you fail to understand is, this is a just statistical measure for inequality, it can be/is applied to wealth, education, opportunity, etc, etc.
You quoted this (from your forbes link):
"....10 Countries With The Highest Amount Of Income Inequality (Based On Gini Index)
Netherlands: 0.902
Russia: 0.879
Sweden: 0.867
United States: 0.852 "
This is incorrect, they used the data from the Credit Suisse report but titled it wrong. And you blindly copied it. The original report clearly shows US: 0.852 ; Russia: 0.879 for WEALTH inequality, not INCOME inequality. (As I said the values for Sweden and Netherlands, are not in the original report).
I'm wasting my time, but here, read the first line:
So Sweden has very small compared to the US income inequality. The article will also tell what the proper way to compare wealth inequalities is when the social nets are vastly different.
Lol, yes, there is no reason to not believe the OECD definition for the Gini index for income inequality. What you fail to understand is, this is a just statistical measure for inequality, it can be/is applied to wealth, education, opportunity, etc, etc.
According to the OECD, the Gini index measures income inequality, or, less frequently, consumption inequality.
Word to the wise... I wouldn't depend on wikipedia for info. Anyone can edit a wikipedia entry, and the info you have depended on to make your point doesn't even have a citation to substantiate it.
P.S., have you figured out that years 2020-1995 is 25 years, yet?
According to the OECD, the Gini index measures income inequality, or, less frequently, consumption inequality.
Word to the wise... I wouldn't depend on wikipedia for info. Anyone can edit a wikipedia entry, and the info you have depended on to make your point doesn't even have a citation to substantiate it.
P.S., have you figured out that years 2020-1995 is 25 years, yet?
Sorry, my previous post was the last free lesson. Bye now.
Read credit Suisse report(not Wikipedia). Read the article I posted (not Wikipedia).
Err... have you read any history? Norway was invaded by the Germans in WWII. Their economy was irrelevant -- the Germans wanted to maintain Swedish iron imports.
They were also after the heavy water. People don't give the Norwegian saboteurs who thwarted the Nazis enough credit for their part in ensuring the entire world doesn't speak German today.
Moreover most European countries are not single payer:
In the Netherlands, the top performer in-terms of ability to get a same/next day appoint and after hours care, individuals must purchase a standard insurance package from private insurers in a regulated, but competitive, market. A for-profit company is the market leader.
In France, the top performer in terms of wait times in the emergency department, universally accessible hospital care is delivered by public, not-for-profit and for-profit hospitals. In fact, about one-third of all hospitals in the country operate on a for-profit basis.
Switzerland, the top performer in terms of wait times to see a specialist, ensures universality in an environment of managed competition among insurance companies and providers of health care. Like most other countries, cost-sharing is a central feature of the Swiss system. Individuals are expected to pay a deductible before insurance kicks-in, after which a 10-20 per cent co-insurance rate applies up to an annual maximum, after which all expenses are covered.
In Germany, the top performer in terms of wait times for elective surgery, individuals can generally use social/statutory (SHI) or private (PHI) insurance to access public or private hospital care. Although 42 per cent of all hospitals operate on a for-profit basis, almost all hospital beds in the country are accessible to patients with SHI-coverage.
Nordic countries tend not to place as much emphasis on making money and have a better work and life balance, that means they do well in the so called happiness index. Whilst some parts of the state are run privately overall wealth distribution is greater, taxes are higher and inequality is much less apparent than in many other countries.
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