You’re getting at some interesting things which mostly support my argument against Gini, not necessarily for Logini. I agree that what we should be doing is minimizing those social ills you mentioned, not trying to move numbers on a chart. Unfortunately, making people more secure, providing cheap housing for poor people and ensuring that democracy is more representative would have no impact on Gini which to a large extent is driven by how much the top 1% makes.
I think the top 1% basically have their own economy. They make their money from capital gains and global corporations, they spend their money on luxury goods and zero sum things like Park Avenue penthouses. Besides taxes, most things that would affect normal people (minimum wages, public services, housing markets, employment shifts) don’t affect the 1% and don’t really move Gini.
You’re getting at some interesting things which mostly support my argument against Gini, not necessarily for Logini. I agree that what we should be doing is minimizing those social ills you mentioned, not trying to move numbers on a chart. Unfortunately, making people more secure, providing cheap housing for poor people and ensuring that democracy is more representative would have no impact on Gini which to a large extent is driven by how much the top 1% makes.
I think the top 1% basically have their own economy. They make their money from capital gains and global corporations, they spend their money on luxury goods and zero sum things like Park Avenue penthouses. Besides taxes, most things that would affect normal people (minimum wages, public services, housing markets, employment shifts) don’t affect the 1% and don’t really move Gini.