Feeds

Oxfam, you're full of FAIL. Leave economics to sensible bods

Five families own more than 20% of the UK do? Rubbish

New hybrid storage solutions

Sweden is a hotbed of inequality

We measure inequality by the gini index (or ratio, and wealth ratios are always much more unequal than income ones) where 1.0 indicates that one person has all the income of the nation and 0 tells us there is perfect equality of income.

Can you say "pissing this up the wall?"

We can also measure the gini for market incomes or for incomes after all taxes and benefits. The difference between the two will clearly be the amount of redistribution that is going on.

Among the advanced industrial countries the market ginis are all from the high .30s to the high .40s. Yes, amazingly, the market distribution of incomes in, say, Sweden, is not all that different from that in the UK – and wealth inequality is higher in Sweden than here. The post redistribution ones range from the low .20s to the high .30s.

The actual IMF finding was that moving the gini more than around 13 points through this tax-and-spend redistribution is the excessive kind that harms growth. Meaning that the UK is over this limit while the US is still just under it. And Sweden's wildly over it, of course.

The reason I object to Oxfam doing this sort of stuff is not purely that I'm an ageing reactionary who insists they should get back to feeding the starving. It's also because they're really not very good at this sort of thing. I mean, seriously, when you've got an arch liberal like Jonathan Portes making fun of your pretensions to left-liberalness you really should be able to understand that you're failing somewhat. ®

Bootnote

Interestingly, seven hours after I pointed out to Oxfam that they seemed ignorant of this negative wealth point they're still assuring me that they're looking into it and will get back to me.

Providing a secure and efficient Helpdesk

More from The Register

next story
Net neutrality protestors slam the brakes on their OWN websites
Sites link up to protest slow lanes by bogging down pages
Italy's High Court orders HP to refund punter for putting Windows on PC
Top beaks slam bundled OS as 'commercial policy of forced distribution'
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Uber alles-holes, claims lawsuit: Taxi biz sued by blind passengers
Sueball claims blind passengers ditched, guide dogs abused
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
Heavy VPN users are probably pirates, says BBC
And ISPs should nab 'em on our behalf
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.