3 weaknesses of the Gini coefficient when measuring inequality

1. It does value a dollar earned the same as a dollar received in transfers, and we know that is just not true.
2. It cannot consider all the unregistered wealth or income that is siphoned away by corruption.
3. It does not make it clear when an increased equality is primarily the result of many turning poorer.

Considering those 3 factors alone would shed the supposed reduction in inequality produced by the Chavez Revolution in Venezuela in a completely different light.

If we are to foster equality, let’s do it right, and concentrate foremost on the equality of opportunities, whatever that might entail.