Then why are there people still in the bottom quintile, huh, smart guy? Do you think that’s fair?
(/libthink /sarc)
The bottom quintile you will always have with you.
(/libthink /sarc)
As Thomas Sowell points out, there is no shame in having a bottom quintile, if - as is the case in America - being in the bottom quintile is strongly negatively correlated with age. You could have a society in which everyone at any given age made the same amount of money - but in which everyone gets an equal raise annually. In such a society everyone would have identical prospects when born - but there could be more or less radical difference between the lowest-quintile youngsters and the highest-paid seniors.