tag:blogger.com,1999:blog-5880610.post1385506159517313882..comments2024-01-13T18:57:18.243-05:00Comments on Information Processing: Measuring Wealth InequalitySteve Hsuhttp://www.blogger.com/profile/02428333897272913660noreply@blogger.comBlogger27125tag:blogger.com,1999:blog-5880610.post-16403765644481596252014-04-28T16:48:41.354-04:002014-04-28T16:48:41.354-04:00Thanks for the data. Intriguing as always.
So: The...Thanks for the data. Intriguing as always.<br />So: The 1% 135-140 IQ's (professional/business people, MBA's) tend to have $2M is assets, 1 in a 1000 145's IQ's + ( e.g. top MD's) 10MM, and 155's + IQ's ( e.g. inventors) often 50MM in assets. And the 1 in a million IQ smarter-than-Einsteins are billionaires who left college by actually giving a product away to Kennon Gilsonnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-47713775997747238942014-04-15T10:51:28.350-04:002014-04-15T10:51:28.350-04:00Also analysis of wealthy is really helpful for per...Also analysis of wealthy is really helpful for personal development. Poor people are not very interesting. Dont you want learn something from wealthy?AGnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-52020417036280444932014-04-15T10:48:26.046-04:002014-04-15T10:48:26.046-04:00A very judgmental comment. Yes, I am judging you.A very judgmental comment. Yes, I am judging you.AGnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-86597252542076180682014-04-15T10:39:21.444-04:002014-04-15T10:39:21.444-04:00Very good question. People with house poor should ...Very good question. People with house poor should not be count as wealthy. Most 0.1% riches own finacial security more than stocks.AGnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-88829602800121248892014-04-11T21:53:18.070-04:002014-04-11T21:53:18.070-04:00"look", he said diffidently, "my pe..."look", he said diffidently, "my pedigree begins with me."<br /><br /><i>16 Someone came to Jesus with this question: “Teacher,[a] what good deed must I do to have eternal life?” 17 “Why ask me about what is good?” Jesus replied. “There is only One who is good. But to answer your question—if you want to receive eternal life, keep[b] the commandments.” <br />18 “Which ones?” a last a loved a long thenoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-15233271757759109672014-04-11T07:48:22.431-04:002014-04-11T07:48:22.431-04:00look, if you tell me that my "inferiors"...look, if you tell me that my "inferiors" are so poor that they don't have any bread to eat, why don't they just eat cake?LondonYoungnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-6628436945191876692014-04-10T20:08:33.660-04:002014-04-10T20:08:33.660-04:00maybe. this paper is consistent with steve's e...maybe. this paper is consistent with steve's earlier post that once a few zip codes are removed inequality hasn't increased. but this can't explain the gross increase in the gini coefficient.<br /><br />but it is good that inequality is discussed, is an issue. <br /><br />it's ly's wont to dismiss his inferiors as stupid and/or lazy, but he hasn't thought it through to thea last a loved a long thenoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-73902892271855391312014-04-10T09:00:32.724-04:002014-04-10T09:00:32.724-04:00Is there any sophistry too petty for you?Is there any sophistry too petty for you?5371noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-85959772163770385362014-04-10T07:15:00.077-04:002014-04-10T07:15:00.077-04:00I am kinda assuming that the top 0.1% start with l...I am kinda assuming that the top 0.1% start with large disproportionate ownership of financial assets in 1980. And I suggest that a significant part of their wealth expansion relative to others is from those assets going up in market value. For this to make sense, as you say, the 1 - 0.1 group must be much less concentrated in financial assets. And that may be true.LondonYoungnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-34937196786489759232014-04-09T19:42:49.436-04:002014-04-09T19:42:49.436-04:00aren't you ignoring that almost everyone has f...aren't you ignoring that almost everyone has financial assets? perhaps the very rich have more balanced protfolios? and what happened to the 1-.1%?a last a loved a long thenoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-92102895331076758262014-04-09T08:48:53.175-04:002014-04-09T08:48:53.175-04:00Kinda looks like the top two brackets haven't ...Kinda looks like the top two brackets haven't really accumulated any wealth, but that as the same bonds and stocks have been marked up in price they are reported as richer. This would make sense given the author's methodology. If in 1980 I report $10 of dividends on my 1040, you can infer that I own $100 of stock since dividends were 10 percent. Today if I report the same amount of LondonYoungnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-6151181040711027032014-04-07T11:46:50.383-04:002014-04-07T11:46:50.383-04:00Wordsum is not a valid IQ testWordsum is not a valid IQ testIamexpertnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-4232994770221888032014-04-07T04:16:20.043-04:002014-04-07T04:16:20.043-04:00http://sda.berkeley.edu/sdaweb/analysis/?dataset=g...http://sda.berkeley.edu/sdaweb/analysis/?dataset=gss12<br /><br /><br />Here you can see as clearly as you like that IQ and income are poorly correlated and that for those with at least a bachelor's degree there is no correlation at all in the US. Here the variable "wordsum" = IQ. <br /><br /><br />The full range isn't covered. If the population is representative then income anda last a loved a long thenoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-87032726284353417702014-04-06T07:38:27.202-04:002014-04-06T07:38:27.202-04:00In America Mensa et al is generally considered...e...In America Mensa et al is generally considered...er...for people who think they're a lot smarter than they are.<br /><br />Humans<br /> are homogeneous at genetic level compared to chimps and other apes. <br />Someone smarter than me appears to me as a better version of myself and someone dumber...I think, "there but for the grace of God..." <br /><br /><br /><br />The number of a last a loved a long thenoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-86422089407178834732014-04-06T01:13:48.101-04:002014-04-06T01:13:48.101-04:00Was he a neurologist? As someone with ample IQ poi...Was he a neurologist? As someone with ample IQ points and former Mensan, very apparent to me that there often isn't a huge difference between normal, and high IQ, and where there is it often isn't pretty (one of my fellow maths students was clearly both exceptionally brilliant, even amongst mathematicians, and also some sort of sociopath). <br /><br />Locally Mensa was full of people withSimon Watersnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-69343659437515874822014-04-06T00:33:48.701-04:002014-04-06T00:33:48.701-04:00My calculations show it's for every 5.397 poin...My calculations show it's for every 5.397 points.<br /><br />Is the Prometheus Society's test published by Kellogg's, General Mills, or Post?a last a loved a long thenoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-77436656106068192782014-04-05T20:32:57.022-04:002014-04-05T20:32:57.022-04:00Sandals? You're a genius. Have some dignity....Sandals? You're a genius. Have some dignity. :-)Iamexpertnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-46343754658585167432014-04-05T20:17:04.264-04:002014-04-05T20:17:04.264-04:00Are these individual net worths or household netwo...Are these individual net worths or household networths?Iamexpertnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-39121382474228784692014-04-05T20:11:09.156-04:002014-04-05T20:11:09.156-04:00A member of Prometheus concluded that because the ...A member of Prometheus concluded that because the human mind operates in parallel, problem solving speed doubles every 5 IQ points, so let's assume it's true that Bill Gates has a 170 IQ (probably not true). That would make him potentially 16,000 times more productive than the average American. If you multiply that by his considerable drive, it's not hard to see why the wealth Iamexpertnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-69001225879967176032014-04-05T18:11:08.592-04:002014-04-05T18:11:08.592-04:00Yeah. Who would wanna live in Norway?
The german...Yeah. Who would wanna live in Norway? <br /><br />The germanic language speaking states of Europe, excluding the British Isles, have higher living standards than the US and it's people have no desire at all to move to America.<br /><br />There are some, very few, who pay 50% a year in the US, but in general taxes are already flat.a last a loved a long thenoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-36889416798376956032014-04-05T17:56:53.929-04:002014-04-05T17:56:53.929-04:00But can an increase only in the .1% produce the in...But can an increase only in the .1% produce the increase in the GINI?a last a loved a long thenoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-34983946550744230282014-04-05T17:31:28.885-04:002014-04-05T17:31:28.885-04:00Why did you waste your time on this. Is being a De...Why did you waste your time on this. Is being a Dean a sinecure? <br />Inequality is built in to humans as it is in all organisms. <b>FALSE.</b> The equality<br /> fetish leads inexorably to some sort of totalitarian dictatorship.<b>FALSE.</b><br /><br />By the way, you're a Dean not a faculty member. Wear a suit.<b>Suits are for people who do nothing but take credit for other people's a last a loved a long thenoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-73999035896443978522014-04-05T16:29:00.930-04:002014-04-05T16:29:00.930-04:00"Sorry for his nastiness."
Don't s...<i>"Sorry for his nastiness."</i><br /><br /><br />Don't snivel.James Hedmanhttp://www.dhs.gov/how-do-i/report-suspicious-activitynoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-11470316209018489282014-04-05T16:27:31.051-04:002014-04-05T16:27:31.051-04:00"BTW, I'm not a dean, I'm a VP"
...<i>"BTW, I'm not a dean, I'm a VP"</i><br /><br />A distinction without a difference and an annoying import from corporate America.James Hedmanhttp://www.dhs.gov/how-do-i/report-suspicious-activitynoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-84996796354773917372014-04-05T11:53:35.987-04:002014-04-05T11:53:35.987-04:00Sorry for the unintentional demotion. The monkey a...Sorry for the unintentional demotion. The monkey and rat brains were drinking coffee, and communications defaulted to the snake brain, who is subject to hissy fits. Sorry for his nastiness.<br /><br /><br />The whole bit about income inequality is really a device used by left-wing extremists like Obama to push for a totalitarian socialist state.BobSykesnoreply@blogger.com