The Gini coefficient says that inequality is reducing – so it must be wrong

As any leading expert such as myself will tell you, the most important thing any leading expert must do is rely on facts rather than opinions.

Now, it is has been pointed out to me that the Gini coefficient, which measures distribution of income, indicates that inequality is reducing in the UK. However, this flatly contradicts the fact that inequality is increasing.

We know for certain that inequality is increasing on account of the fact that the view that inequality is increasing is such a popular opinion at present.

The only possible logical conclusion of this is that the Gini coefficient is wrong. And in order to prove this, the Justice for Taxes Network have asked various economists the following question of which one answer stands out:

Given that we don’t have any actual data on what we don’t know that we don’t know, our thesis is that we think that we are currently underestimating the value of stuff that we don’t know we do not not know about but ought to know of. Obviously, we can neither prove nor disprove this but is it a valid thesis?

 

Yes, definitely.
– Thomas Piketty, professor, Paris School of Economics

As you can see, what the JTN have done here is to helpfully provide you, the layperson, with an obviously intelligent person to express a positive opinion in lieu of boring you with the facts that you would not understand in any event.

It is obvious from Thomas Piketty’s statement that he completely endorses every single one of the JTN’s conclusions (in this report and all other publications) by agreeing that the thesis is valid. Which means that you can safely conclude that the JTN’s position is based on fact rather than opinion.

Of course, others might express an opinion that JTN’s views are purely based on opinion rather than facts. But that is just their neoliberal opinion that ultimately lacks any factual basis.

In short, it is obviously the case that anybody who cites the Gini coefficient is blatantly a neoliberal astroturfer.

Advertisements

4 thoughts on “The Gini coefficient says that inequality is reducing – so it must be wrong

  1. “In short, it is obviously the case that anybody who cites the Gini coefficient is blatantly a neoliberal astroturfer.”
    Not sure whether I should continue quoting “The Spirit Level”. Please clarify?

  2. Murphy, I wonder if perhaps along with your self-acquired expertise in taxation and economics you might also become a world expert statistician in order to be able to explain to thick people like me where our government are manipulating the figures – the Gini coefficient being a case in point. I have absolutely no idea what that means and I suspect neo-liberals are trying to blind me with their pseudo-statistics.

    While you’re at it, could you also explain another statistical term to me. It is “the bell-end curve”, if that means anything to you (I understand this has been used in relation to your work)?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s