Do We Care About Income Inequality, or Absolute Well-Being?

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This is the kind of detail Gini and other income inequality metrics mask.  Even after all the Swedish “generosity”, more than 90% of the citizens in the US are better off, on an absolute basis, than in Sweden.  Even many among the poor.

Now let’s look at the rich country with the lowest Gini, Denmark, on the same basis: income_denmark This is even more stark — on a PPP basis even the poorest of the poor are better off in high-Gini United States than low-Gini Denmark.The Swiss are in second place on Gini and are often cited […]