|Credit: Alan De Smet|
- the distance between the median income and the top income
- the percentage of total income clustering at the top
You see, if the incomes above the median are multiplied by any factor whatsoever and the other incomes remain the same -- the median stays exactly where it is. Additionally, if you only do this to the incomes that are above those clustering around the median, i.e., the top incomes, then even the clustering around the median doesn't change.
We must start challenging those who would mislead us into complacency or resignation.