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Does Income Inequality Matter?

tonyr1988 Re:Correlation... causation (1186 comments)

1% of one million is $10,000. I spent more than that on college but I'm sure you could get an education for less than that. But let's say that a million-dollar-bonus earner was forced to give it away in 1% increments. He would be able to give $10,000 to exactly 100 people (all before taxes of course). After taxes, he could give approximately $6000 to 100 people, who in turn would only receive $4000 each (after taxes again). Could you go to college on $4k?
What about 1% of $53 million, which was the bonus of one man. Now, take that and extrapolate it to the excessive incomes (does anyone need >1 million per year?) of everyone in America. I guarantee that if you distributed anything over $1 million per year to the lower / middle class, a lot more people would go to college and live better lives.

I'm not saying that the government should do such a drastic income redistribution, but don't talk about a $53M bonus as if it were a $1M income.

more than 7 years ago

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tonyr1988 tonyr1988 writes  |  more than 7 years ago

tonyr1988 writes "All the waiting has paid off. According to Mike Melanson at Penguin SWF, the beta for the Linux Flash Player 9 is officially released. It includes a Mozilla plugin and a GTK standalone player. From the blog post,
While we are still working out exactly how to distribute the final Player version to be as easy as possible for the typical end user, this beta includes 2 gzip'd tarball packages: one is for the Mozilla plugin and the other is for a GTK-based Standalone Flash Player. Either will need to be downloaded manually via the Adobe Labs website and unpacked. The standalone Player (gflashplayer) can be run in place (after you set its executable permission). The plugin is dropped into your local plugin directory (for a local user) or the system-wide plugin directory.
Did I just hear a million Linux users yelling "Thank You" or "About time"?"

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