Warning: Expect Major Medal Inequality in Beijing
According to these IRS data, the top 50% of U.S. taxpayers earned 87.3% of all income in 2006, and paid 96.89% of all income taxes.
According to these Olympic medal statistics from the 2006 Winter Olympics, the top 50% of the competing countries won 88% of the medals and 88% of the points (3 for gold, 2 for silver, 1 for bronze).
Warning: Expect more major "medal inequality" at the Summer Olympics this year.
Question: The results of income distribution conform very closely to the inequalities outlined above for Olympic medals. Why does the general public accept major inequality of outcomes in sporting events like the Olympics, but then object so strongly to an unequal distribution of income and favor attempts to redistribute income through a progressive income tax system?
Should we consider "medal redistribution" to reduce the inevitable significant "medal inequality" and achieve a more "fair" outcome in Beijing, with some kind of progressive "medal tax" - the more successful a country is at winning medals, the more medals they have to give up for redistribution? Just wonderin'.