Income Inequality & CEO Pay

Being Classically Liberal, on Facebook, posted this one: People like Robert Reich and Paul Krugman like to complain a lot about income inequality yet they are significantly more rich than the average american and also richer than the average CEO. Also, believe it or not the claim that the average CEO earns 300 times what…


Dsitributions & Income Inequality

Thought experiment about income inequality: Let’s take as a given the idea that income (or wealth) distribution follows a Mandelbrotian distribution, not a normal (Gaussian) distribution. If this is true, create a set of 350 million variables and randomly distribute an amount of dollars to each variable, with a total of (X) number of dollars…