In the reading "Living beyond your means" there was a graph included, showing the actual income inequality in the US (2011), the estimated income inequality in the US (this is the level of inequality that people thought existed), and last, the ideal level of inequality in the US society (when the public was asked to define it). In a 2011 survey, it wasfound that Americans drastically underestimated the level of wealth inequality in the United States (see estimated inequality versus actual inequality in the graph) and when asked what level of inequality would be fair, most wanted an even more equitable distribution

A) Explain what you think is the perfect inequality. It is not realistic to state that everyone is equal and will have the same wealth, so please do not indicate an equal share of the wealth for all. Indicate the % like it shows on the graph from the link(living beyond your means when you're not rich by Michael Norton)

Percentage of YOUR ideal income inequality distribution. Instead of a graph you could just state what are the levels of your perfect inequality (Remember that NO society will have a perfect equality). For example Top 20% will get X % of the income, second 20% will get Y% of the income and so on....

B)Describe the perfect society (according to what you think is the perfect society based on your percentages of ideal income inequality) How would you attain this type of society?How would the economy run in this perfect society?

Link to "living beyond your means when you're not rich":

https://www.nytimes.com/roomfordebate/2011/03/21/rising-wealth-inequality-should-we-care/living-beyond-your-means-when-youre-not-rich