Monday, September 25, 2017
BACK OF THE ENVELOPE CALCULATION
Is the US economy sufficiently productive so that an absolutely equal distribution of Gross National Income to the 330 million Americans would offer each worker enough so that he or she would be willing to do the job for which he or she was best suited, assuming some small adjustments for night work and the like, as suggested in comments? Well, GNI is currently about 18.75 trillion dollars. That works out to a bit less than $60,000 per person per year, or $240,000 for a household of four. I think the answer is Yes. Oh, I am down with paying LeBron James more, and also Serena Williams and Meryl Streep and Bill Gates and Keith Olberman. What the hell.