According to the US Census Bureau, the Gini Coefficient in the
United States was 0.397 in 1967, and 0.480 in 2014. The Gini
coefficient is a measure of inequality that ranges from 0 to 1,
where higher numbers indicate greater inequality. According to the
World Bank, countries with Gini coefficients between 0.5 and 0.7
are characterized as highly unequal. Using the
idea that Incentives Matter, analyze BOTH the pros of some
income inequality and the cons of excessive income inequality....