Tuesday, July 22, 2014

One man and his inequality

Here's an interesting take on the extent of inequality in the US, from

The city of Lansing in Michigan has a population of 100,000, and they earn about $3.5bn in all. But one man, a hedge fund manager called David Tepper, had the same income (I won't say 'earned' that amount).

Bob Lord, the author of the blog, writes: 
'That’s right, Lansing. The 100 million hours you put into all of the classes you teach, the fires you fight, the cavities you fill, the restaurant meals you prepare and serve, the cars you repair, the drains you unclog, the illnesses you treat, the crimes you stop, and the lives you save are assigned a total monetary value equal to the work of just one man.'

Paul Bennett

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