Wednesday, February 12, 2014

The Distribution of Wealth Hasn't Changed Since 1897- Pareto's Law

Gary North reports:
Envy is basic to all Left-wing politics. The desire is to tear down the rich.

Let me give a recent example. The headline announced: The World's Top 1% has 50% of the Wealth.

Shocking! Incredible! A sign of serious social inequity! Something must be done!

Here is reality. You may have heard of Pareto's law. It is also known as the 20-80 law and the 80-20 law. It operates in almost every area of life.
You'll want to read the entire article.