The Origins of the Income Gap

The genie coefficient refers to gi and i refers to a italian economist about a hundred years ago who figured out a very complicated calculation to describe the difference in income within a society. America right now is around 0.4 around the left it's around the same level as the Roman Empire um medieval europe with the kings of nobility and the huge amassing of wealth at the very top of the social pyramid they had a genie coefficient of almost 0.8 uh often dictatorships are that way very poor countries you know ruled by a ruling elite.