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Income and Wealth Inequality

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Presentation on theme: "Income and Wealth Inequality"— Presentation transcript:

1 Income and Wealth Inequality

2 The Context 400 Years of Progress

3 The Context 400 Years of Progress

4 The Context 400 Years of Progress

5 The Context 400 Years of Progress Life longevity

6 The Context 400 Years of Progress Life longevity 40 yrs to 80+ years

7 The Context 400 Years of Progress Life longevity 40 yrs to 80+ years
Violence

8 The Context 400 Years of Progress Life longevity 40 yrs to 80+ years
Violence Decreased significantly

9 The Context 400 Years of Progress Life longevity 40 yrs to 80+ years
Violence Decreased significantly Absolute Poverty

10 The Context 400 Years of Progress Life longevity 40 yrs to 80+ years
Violence Decreased significantly Absolute Poverty Decreased significantly

11 The Context

12 The Context

13 The Context 400 Years of Progress Life longevity 40 yrs to 80+ years
Violence Decreased significantly Absolute Poverty Decreased significantly Steven Pinker: Better Angels; Enlightenment Now

14 The Context 400 Years of Progress Life longevity 40 yrs to 80+ years
Violence Decreased significantly Absolute Poverty Decreased significantly Steven Pinker: Better Angels; Enlightenment Now Hans Rosling: New Insights on Poverty (video)

15 The Current Situation

16 The Current Situation Does Income and Wealth Inequality Exist?

17 The Current Situation Does Income and Wealth Inequality Exist?
If So, Is This a Problem?

18 The Current Situation Does Income and Wealth Inequality Exist?
If So, Is This a Problem? If So, What Are Some Causes?

19 The Current Situation Does Income and Wealth Inequality Exist?
If So, Is This a Problem? If So, What Are Some Causes? Can Anything Be Done to Reduce Inequalities?

20 Existence of Inequalities

21 Existence of Inequalities

22 Existence of Inequalities

23 Existence of Inequalities

24 Problem of Inequalities

25 Problem of Inequalities
Higher Levels of Inequality Related to:

26 Problem of Inequalities
Higher Levels of Inequality Related to: Lower life expectancy

27 Problem of Inequalities
Higher Levels of Inequality Related to: Lower life expectancy Higher infant mortality

28 Problem of Inequalities
Higher Levels of Inequality Related to: Lower life expectancy Higher infant mortality Increased obesity

29 Problem of Inequalities
Higher Levels of Inequality Related to: Lower life expectancy Higher infant mortality Increased obesity Increased teenage births

30 Problem of Inequalities
Higher Levels of Inequality Related to: Lower life expectancy Increased mental illness Higher infant mortality Increased obesity Increased teenage births

31 Problem of Inequalities
Higher Levels of Inequality Related to: Lower life expectancy Increased mental illness Higher infant mortality Increased homicides Increased obesity Increased teenage births

32 Problem of Inequalities
Higher Levels of Inequality Related to: Lower life expectancy Increased mental illness Higher infant mortality Increased homicides Increased obesity Lower education scores Increased teenage births

33 Problem of Inequalities
Higher Levels of Inequality Related to: Lower life expectancy Increased mental illness Higher infant mortality Increased homicides Increased obesity Lower education scores Increased teenage births Lower social trust

34 Problem of Inequalities
Higher Levels of Inequality Related to: Lower life expectancy Increased mental illness Higher infant mortality Increased homicides Increased obesity Lower education scores Increased teenage births Lower social trust Wilkinson & Pickett: The Spirit Level

35 Causes of Inequalities
Mindset Access to Energy Connectivity Levels of Education Access to Capital Level of Private Debt

36 Causes of Inequalities
Mindset

37 Impulsive/ Egocentric
Spiral Dynamics Color Meme Basic Theme Characteristics Beige Survivalistic Act to Stay Alive Develop habits; form bands Purple Magical/ Animalistic Keep Spirits Happy; Make Tribe Safe Obey desires of spirit; Allegiance to chief and elders Red Impulsive/ Egocentric Be What You Are Regardless of Outcomes World is full of threats; Demand respect; Conquer enemies Blue Authoritarian Life Has Meaning; Predetermined Outcomes Sacrifice self for order; Order enforces code of conduct Orange Success Act in Own Self Interest Progress is inherent as a result of risk taking

38 Causes of Inequalities
Access to Energy

39 Causes of Inequalities
Access to Energy

40 Causes of Inequalities
Access to Energy

41 Causes of Inequalities
Access to Energy

42 Causes of Inequalities

43 Causes of Inequalities
Access to Energy

44 Causes of Inequalities
Access to Energy

45 Causes of Inequalities
Connectivity

46

47 Causes of Inequalities
Connectivity Analog

48 Causes of Inequalities
Connectivity Analog

49 Causes of Inequalities
Connectivity Digital

50 Causes of Inequalities
Connectivity Sources of Income

51 Causes of Inequalities
Levels of Education

52

53

54

55 Causes of Inequalities
Access to Capital

56

57 Active

58 Active Passive

59

60

61 Causes of Inequalities
80/20 Rule

62 Reduce Inequalities

63 Reduce Inequalities Recognize There is a Challenge

64 Reduce Inequalities Recognize There is a Challenge Change Mindset

65 Color Meme Basic Theme Characteristics Blue Authoritarian Predetermined Outcomes Sacrifice self for order Orange Success Act in Own Self Interest Progress is inherent as a result of risk-taking Green Egalitarian Inner Peace, Serve Others Consult to spread resources and opportunities to all Yellow Integrative Live Fully & Responsibly Integrate differences within natural hierarchies and systems Turquoise Holistic Experience Life Wholeness World is single, dynamic system; Self is both distinct & blended Beck, D., & Cowan, C. (1996/2005). Spiral dynamics: Mastering values, leadership and change

66 Reduce Inequalities Recognize There is a Challenge Change Mindset
Acknowledge Cycles

67 Generational Cycles Spring Summer Fall Winter
Strauss, W., & Howe, N. (1997). The fourth turning: An American prophecy - What the cycles of history tell us about America's next rendezvous with destiny.

68 Business Cycles

69 Reduce Inequalities Recognize There is a Challenge Change Mindset
Acknowledge Cycles Acknowledge Ecological Impact

70 Reduce Inequalities Ecological Footprint

71 Doughnut Economics

72 Doughnut Economics Climate Change

73 Doughnut Economics Climate Change Biodiversity Loss

74 Doughnut Economics Climate Change Biodiversity Loss Land Conservation

75 Doughnut Economics Climate Change Biodiversity Loss Land Conservation
Nitrogen & Phosphorous Loading

76 Reduce Inequalities Recognize There is a Challenge Change Mindset
Acknowledge Cycles Acknowledge Ecological Impact Consider Immediate Challenges

77 Challenges Alternatives Robots, Automation, Artificial Intelligence

78 Challenges Alternatives Guaranteed Annual Income
Guaranteed Job 32-hour Workweek Robots, Automation, Artificial Intelligence

79 Challenges Alternatives Guaranteed Annual Income
Guaranteed Job 32-hour Workweek Social Benefits Robots, Automation, Artificial Intelligence

80 Increase Social Benefits

81 Increase Social Benefits

82 Challenges Alternatives Guaranteed Annual Income
Guaranteed Job 32-hour Workweek Social Benefits Robots, Automation, Artificial Intelligence Global Climate Change

83 Challenges Alternatives Guaranteed Annual Income Guaranteed Job
32-hour Workweek Social Benefits Robots, Automation, Artificial Intelligence Alternative Energy Reduce Lifestyles Global Climate Change

84 Challenges Alternatives Increase Productivity Slowing Economy
Increase Population Increase Money Supply Slowing Economy

85 Increase Economy Increase Productivity

86 Increase Economy Increase Productivity
Increase Specialization  Education and Training

87 Increase Economy Increase Productivity
Increase Specialization  Education and Training

88 Increase Economy Increase Productivity
Increase Specialization  Education and Training Increase Trade  Connectivity

89 Increase Economy Increase Productivity
Increase Specialization  Education and Training Increase Trade  Connectivity

90 Increase Economy Increase Productivity
Increase Specialization  Education and Training Increase Trade  Connectivity

91 Increase Economy Increase Productivity
Increase Specialization  Education and Training Increase Trade  Connectivity Increase Technology  Public / Private Partnerships

92

93 Increase Economy Increase Productivity Increase Population
Increase Specialization  Education and Training Increase Trade  Connectivity Increase Technology  Public / Private Partnerships Increase Population

94 Increase Economy Increase Productivity Increase Population
Increase Specialization  Education and Training Increase Trade  Connectivity Increase Technology  Public / Private Partnerships Increase Population Births Immigration

95 Increase Economy Increase Productivity Increase Population
Increase Specialization  Education and Training Increase Trade  Connectivity Increase Technology  Public / Private Partnerships Increase Population Births Immigration Increase Money Supply

96 Increase Economy Increase Productivity Increase Population
Increase Specialization  Education and Training Increase Trade  Connectivity Increase Technology  Public / Private Partnerships Increase Population Births Immigration Increase Money Supply

97 Increase Economy Increase Productivity Increase Population
Increase Specialization  Education and Training Increase Trade  Connectivity Increase Technology  Public / Private Partnerships Increase Population Births Immigration Increase Money Supply

98 Reduce Wealth Inequality

99 Reduce Wealth Inequality
Increase Taxes on Wealthy & Decrease Tax Avoidance

100 Reduce Wealth Inequality
Increase Taxes on Wealthy & Decrease Tax Avoidance

101 Reduce Wealth Inequality
Increase Taxes on Wealthy & Decrease Tax Avoidance 16%

102 Reduce Wealth Inequality
Increase Taxes on Wealthy & Decrease Tax Avoidance 79% 16%

103 Reduce Wealth Inequality
Increase Taxes on Wealthy & Decrease Tax Avoidance Increase Estate & Inheritance Taxes

104 Reduce Wealth Inequality Large Businesses & Farms
Increase Taxes on Wealthy & Decrease Tax Avoidance Increase Estate & Inheritance Taxes All Top 10% Top 5% Top 1% Top 0.1% Large Businesses & Farms % of All Estate Taxes Paid 100 88 78 61 27 12

105 Reduce Wealth Inequality
Increase Taxes on Wealthy & Decrease Tax Avoidance Increase Estate & Inheritance Taxes Educate For Passive Income & Accumulation of Assets

106 Reduce Wealth Inequality
Increase Taxes on Wealthy & Decrease Tax Avoidance Increase Estate & Inheritance Taxes Educate For Passive Income & Accumulation of Assets Encourage Profit Sharing for All Workers Southwest Airlines

107 Reduce Wealth Inequality
Increase Taxes on Wealthy & Decrease Tax Avoidance Increase Estate & Inheritance Taxes Educate For Passive Income & Accumulation of Assets Encourage Profit Sharing for All Workers Eliminate Restrictions on Immigration

108 Dynamic Systems & Network Economists
George Gilder Hermann Daly Hyman Minsky Joshua Farley Steve Keen Arnold Kling Mariana Mazzucato Joseph Stiglitz Richard Duncan Nassim Taleb


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