Skip to main content

Middle Class Data Missing In Action In the Advanced Age of Data Management

TWEET THIS ARTiCLE USING THIS SHORT LINK  http://goo.gl/u2fKk0

My father often told me that in the 1950's , the distribution of wealth in the United States took the form of a bell curve with the greatest amount of wealth distributed amoungst the greatest number of people.

I grew up with the bell curve image embedded into my mind . It is the image of an algorithm, a form of economic visualization which seems to have all but disappeared from the methods of reporting income distribution- replaced by graphs showing two lines- one for the top and the other for the bottom. The median household income displays statistics in two separate parts- Those making above the median and those making below the median and does not address the distribution of wealth within the two halves.The mean gives us the averaged income of a specific group- but none of that tells us how the wealth is distributed- is there a gradual curve of distribution? a series of steps? or a huge gulf between levels ?

And then there is the GINI- measuring "income equality" which is a communist value of measurement -versus- measuring the size and growth or decline of the middle class indicating the health of a free enterprise system, with the middle class representing the back bone of a free enterprise system.

Where, in the age of advanced data management, is the app that allows one to see how the bell curve of the fifties has morphed into the sharp pointed curve of today?

 Why not a user interactive wavefunction that morphs its form over time? Is that so hard to do in 2014?  Where is the data-based visualization?-

Meanwhile government economic policies produce artificially created "opportunity zones" to the benefit of special interests- when the real "opportunity zone" is simply put a robust middle class in which the bell curve takes a gradual slope from the bottom to the top- such a slope assures that all who have the will to rise also have access to opportunities to rise, not by a collective plan created by overlords of the state economy which serve as instrumentalities of the state's designs, but as individually suited opportunities created by a free enterprise system with multifarious points of power, which offer genuine choice.

When it comes to accounting for the viability of such artificial opportunity zones, the CEO"s of Maine's economic development corporations cry poverty . A report is too expensive to do - so just keep on giving us more taxpayer money to redistribute and trust us on this!
"Section D of the Seed Capital Tax Credit changes the aggregate limit for a private venture capital fund from $500,000 to $4,000,000 and strikes out the individual limit within the aggregate for entities treated as a flow-through entity for tax purposes."

"OPEGA said the Department of Economic and Community Development (DECD), which administers PTDZ, should make an annual report to the legislature that assesses the program against criteria in the state law called, “Evaluation of Economic Development Programs.” 
The Center asked DECD for those reports. A report was only done once, in 2008, because money was never appropriated to do it again, according to the current DECD commissioner, George Gervais, who took over less than a year ago.That report -- the Maine Comprehensive Economic Development Evaluation (MCEDE) -- cost the state $150,000".  quoted from Pine Tree Watchdog article February 23, 2012
Measuring the "public benefit" of economic policies is simple- it's in the data on the size and growth or decline of the middle class. The data has to exist.

Research indicates that the divide between the top and the bottom in the USA began to increase in the late 1970's. Co-incidentally that is the same era when the Maine legislature created a new "essential government function" - that of centrally managing Maine's economy- an authority assigned unto themselves, of course!

From The charter for the Maine development Foundation Corporation
§916. Establishment
The Maine Development Foundation is hereby established to foster, support and assist economic growth and revitalization in Maine. The foundation shall carry out its purposes in complement to and in coordination with the economic development activities of the private sector, community and regional agencies and State Government. [1977, c. 548, §1 (NEW).]
The foundation shall exist as a not-for-profit corporation with a public purpose, and the exercise by the foundation of the powers conferred by this chapter shall be deemed and held to be an essential governmental function. [1977, c. 548, §1 (NEW).]
SECTION HISTORY
1977, c. 548, §1 (NEW).

§13052. Purpose(DECD) ( Department of Economic & Community Development Corporation.
)
The Legislature finds that the decentralization of economic growth and development programs among several state agencies without any coordination of programs and agencies and without coordination with the State's municipal and regional economic efforts is not in the best interest of the State. The Legislature further finds that the State's economic development programs and policies and the economies of municipalities and regions mutually affect each other. [1987, c. 534, Pt. A, §§17, 19 (NEW).] (emphasis mine)  

 In Maine legislation , "the targeted sector' is defined as those employees offering jobs that provide "above average income" (top half of the median household income). One can still find programs for other sectors of the economy, but those programs are dwarfed by Maine's central management's fixation on the upper crust of the economy. The justification is that redistributing public wealth to specially selected new owners of the means of production- be that in the form of capital or physical ownership of the means of production is for the "public benefit" - but when it comes to accounting for evidence of said benefit the designers of Maine's economy cry poverty! Its just too expensive to do a report ! That excuse alone could be taken  as circumstantial evidence that the policies of Maine's economic management are not working- but there is an even simpler way to test the waters of truth- it's simple - show data that demonstrates a growth in the size and economic well being of Maine's middle class
.
Maine State Inc is that name which I have given to the vast network of corporations chartered by our legislature to serve as "instrumentalities of the state"- but which goes by no identity-other than "the state"- which is no longer functioning as a traditional and constitutionally governed state serving the general public good, but as a corporation serving the interests of its own targeted sector.( the upper part of the two part economic picture described by the "Median Household Income").

What is the difference between a median and a mean? Median income is the amount which divides the income distribution into two equal groups, half having income above that amount, and half having income below that amount. Mean income (average) is the amount obtained by dividing the total aggregate income of a group by the number of units in that group. The means and medians for households and families are based on all households and families. Means and medians for people are based on people 15 years old and over with income. What is the income of the "middle class"

The Census Bureau does not have an official definition of the "middle class," but it does derive several measures related to the distribution of income and income inequality. Traditionally, the Census Bureau uses two of the more common measures of income inequality: the shares of aggregate income received by households (or other income recipient units such as families) and the Gini index (or index of income concentration). In the shares approach, we rank households from lowest to highest on the basis of income and then divide them into equal population groups, typically quintiles. We then divide the aggregate income of each group by the overall aggregate income to derive shares. The Gini index incorporates more detailed shares data into a single statistic which summarizes the dispersion of the income shares across the whole income distribution. The Gini index ranges from zero, indicating perfect equality (where everyone receives an equal share), to one, perfect inequality (where all the income is received by only one recipient).http://www.census.gov/hhes/www/income/data/inequality/middleclass.html
CONSPIRACY THEORY : I submit that the two tier division of the economy fits in with the global capitalism political ideology which uses both the collectivism of Marxist political thought and the individualism of the free enterprise system as instrumentalities of its own end- profit and power! This system socializes risk and privatizes gain and thus the bottom half of the median household income comes to be governed by a socialist system, while the top half of the median household income is governed by the rules of private capitalism.

Comments

Popular posts from this blog

Communism and State Ownership of Intellectual Property

Tweet This: http://goo.gl/BcA6ru Government As a Secret Society The response to my informal suggestion that public accessibility to government could be improved by making information available in a searchable data base ( see previous post) subjectively confirmed that the  functioning power elite of Maine's economic development programs and policies are both intentional in instituting a political ideology that supersedes the will of the people, as expressed in the Maine State Constitution, and deceptive towards the general public. 1.Information made available on an agency website but not in a searchable database format may not provide the research and investigative tool needed by the public. The Freedom of Access Act does not require that public information be posted online in any particular format, just that public records be made available. While there is a strong argument for increasing the accessibility and usefulness of information, there is no current requ

Which Currency will Emerge as Most Valued in the New World Order ?

pascal-meier-unsplash Also published on Medium;s Data Driven Investor I woke up in the morning contemplating how the world had just suddenly changed over night, or at least the human perception of the world. My thoughts then jumped to a time I have only read about, when a similar event happened in the realm of science. The story goes that around the turn of the twentieth century, scientists believed that mankind had figured everything out that there was to know about how the workings of the physical world except what was considered to be a minor detail. Existing theory could not account for why the observed spectrum of black body radiation, diverged at higher frequencies from what was predicted. Plank solved the mystery by making a different assumption about the nature of the frequency of black body radiation. Others were assuming that radiation was continuous but Plank assumed that atoms could only vibrate at certain frequencies that were whole number multiples of a base fre

I am a Baby Boomer, and this is the story of how my generation let the great wealth divide happen.

Featuring The Maine Capital Corporation of 1976  Established in the wake of a newly centralized United States Economy,  Image for post Image by Mackenzie Andersen using public domain clip art Legal status disclosure: This is an opinion of a layperson. independent researcher ,and private citizen of Maine. My generation, aka the baby boomers, did not create the great wealth divide that advantages the few at the expense of the many, but we allowed it to take place. In order to understand a great effect, one needs to understand the molecular response occurring at the scale of individual human interaction.This story posits that the centralization of the American economy was a large contributing factor in the creation and escalation of the wealth gap and examines how it manifested on location to the benefit of the private capital interests of the few. The story takes a step back in time to the when the first act of legislation passed after the centrally managed economy of Maine was declared