income income equality facts

1. The most unequal
societies in the
world
By Evrard Feutching
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2. Unequal societies in the
World
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How is it measured?
How and why is it bad?
What societies are the most equal?
What societies are the most Unequal?
Is corruption linked with Income
indequality?
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3. How is income inequality
measured?
Gini Index: Also known as Gini Ratio.
Standard economic measure of income
inequality, based on Lorenz Curve. A society
that scores 0.0 on the
Gini scale has perfect equality in income
distribution. Higher the number over 0 higher
the inequality, and the score of 1.0 (or 100)
indicates total inequality where only
one person has all the income.
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4. How & why is income inequality
bad?
• World Bank reports that "high inequality threatens a
country's political stability“
• Extreme inequality ruins democracy; When inequality
becomes extreme, it undermines democracy, as the late
philosopher John Rawls and others have argued,
because it creates unequal access to the political
system and to positions of power.
• It undermines 5th Macroeconomic objective; “Equitable
distribution of income and wealth”
• income inequality can breed corruption

5. Gini Index Rankings (Top 10)
1
70.7
2003
2
South Africa
65.0
2005
3
Lesotho
63.2
1995
4
Bostwana
63.0
1993
5
Sierra Leone
62.9
1989
6
Central
African
Republic
61.3
1993
7
Haiti
59.2
2001
8
Colombia
58.5
2009
9
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Namibia
Bolivia
58.2
2009
Brazil
56.7
2005
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6. Income Inequality in US
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11. Income Inequality in US (41st)
• Now, one in every seven
• The richest group in us
Americans lives below
owns 85% of the nation's
the poverty line - that's a
wealth.
record 48 million people
• Richest 1% of the US
• One in six Americans have no
health insurance - 50 million
population own a third of
people, a population twice the
US net worth.
size of Texas (27m people).
• There are now over 3.1m
• 14.5% of Americans households
millionaires and the
are defined as "food insecure".
US has over 400
That means for every seven
households, one will have
billionaires, more than
trouble putting enough food
any other country in the
on the table
world
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12. Income inequality in
Guinea
Mr. Teodoro Mangue
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Mr. Teodoro Mbasogo
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13. Mr. Teodoro Mangue
Son of Equatorial Guinea
leader, has £35m mansion in
America and a 6 stories
mansion in a prestigious are
in Paris. Has a private jet,
and a collection of cars
worth over £10m, including,
3 Bugatti veyrons, Ferraris,
Bentleys, Maybachs,
Lamborghinis etc. He also
has $700m in an US
account.
How is this possible? He is
supposed to be on a wage
of £36,000 per annum.
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15. President Mbasogo
Whilst Equatorial Guinea is one of the poorer nations
on the planet, with more than 60% poverty rate…
This shows that corruption and income inequality can
be linked.
Also the president was voted in 2010 with 97% in
favour for President Mbasogo. (34 years in power and
counting)
97? Really? Or was it fixed, you decide…
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17. Gini Bingo
• Write 3 by 3 grid with 9 countries
• Read out facts about the country
• Tick off country
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18. The End
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