Sunday, December 18, 2011

Ancient Rome Was More Equitable than the US Today

"Even the Ancient Roman Empire Wasn't as Unequal as America" By Gus Lubin, Business Insider

[Excerpted] Rome's top 1% controlled 16 percent of the wealth, compared to modern America where the top 1% controls 40 percent of the wealth.

Looking at the Gini coefficient, where 0 means perfect equality and 1 means perfect inequality, Rome measured between 0.42 and 0.44. Modern America scores worse at 0.45, and some areas are much worse like Fairfield County, Conn. with an alarming 0.54...[end quote]

Majia here: I also recommend checking out the charts on this site:

Also see 1 in 2 Americans is Low Income
And "The US is a Plutonomy, Here Comes Neofeudalism"

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