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Comment by user-the-name | Hacker News Reader

> Nearly all of that hypothetical wealth would be amassed at the very top of the power structure, just like we see in other resource-rich mafia states.

Very much unlike the US.

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Yeah, actually. We aren't all millionaires but we are doing a hell of a lot better than most of the world per capita.

https://data.oecd.org/inequality/income-inequality.htm

I don't see Iran on that list. Seems like mainly developed countries. Also, the US has a large amount of geographic cost-of-living disparity, and I am having trouble identifying whether these numbers are controlled for that.

Other countries have that too, you know.

Fact is, United States is pretty shit when it comes to income inequality.

Income inequality isn’t the problem. Poverty is. [0]

I’m not automatically worse off because someone else is better off. That’s fallacious nonsense (the zero-sum fallacy). And it definitely does not meaningfully translate across countries, if what you’re interested in is human welfare.

[0] https://www.hoover.org/research/income-inequality-isnt-probl...

https://news.ycombinator.com/item?id=24206257

Yeah...because income inequality goes by %s. When America's 0.01% has so muuuuuch wealth, the lower class is still going to be FAR different from the upper class, but still have higher net wealth than other countries.

https://en.wikipedia.org/wiki/Gini_coefficient#/media/File:G...

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