Shows your delusion perfectly.
It’s not worse, it’s better by every single measure used to measure any economy.

Inflation has turned around and is down to 3.24% with wage gains outpacing it by almost double, and wage gains were the highest ever at 15.28 % in April of 2021 under Biden and a record low of -5.89% in April of 2020…who was president then? Low inflation doesn’t mean shit when unemployment is at record highs wages are actually going DOWN, shelves are bare, and GDP is NEGATIVE!!
Negative wage growth is the same as inflation…it lowers earning/spending power…so does losing 15-20 million jobs!
So, combine wage growth and inflation then average in the unemployed at $0 income to get average earning/spending power, you will see earning/spending power was much LOWER in 2020 under Trump even for those that kept their jobs…when you could actually find anything to buy that is. 🤦‍♂️
I know you don’t remember a hour ago, but many of us remember 2020, the terrible, horrible, no good, very bad year in so many ways ending in a coup attempt.

Good management turned what Trump left, a triple decker shit sandwich in a festering sewer and guaranteed recession at best according to every economist, into a boom so great inflation spiked higher than just thanks to Trump wasteful overspending and pure handouts to business owners with completely unregulated no background check no repayment PPP loans, but Biden’s fed handled it and inflation is barely above average and well below all other G7 nations by far.

You think the economy is worse now than record high unemployment record low wage growth record low gdp record discretionary federal spending and record business closures!?!…by what measure buddy? What measure? Inflation is down, earning power is up….WAY UP. Your feelings don’t mean shit….in fact, fuck your feelings snowflake.

Your mantra.
“I can’t deny that Bidenomics has improved every single measure of our economy significantly after the record setting abject disaster of Trumps last year in office and the lingering effects of its apocalyptic mismanagement, but it will get worse someday, so Bidenomics is a failure.”
You can’t point to a single metric of economics that hasn’t significantly improved under Biden. NOT ONE. “It will get worse.” is not related to reality, it’s just your own wishful thinking, hoping for America to fail.

Such idiotic nonsense. Nothing has been worse for the economy than Republican leadership. Every recession in recent history was under Republicans because of republican policies, every economic recovery was under Democrats thanks to democratic policies. The vast majority of inflation was due to Trump spending like a drunken sailor with mommy’s credit card and increasing the debt by 8 trillion and deficit by trillions or tens of trillions more before his policies expire. Biden’s policies, Bidenomics, averted a recession/depression you (and many economists) insisted was coming by 2022 and reversed inflation faster than the most optimistic economist predicted.

Bidenomics has saved American pocketbooks from the results of 4 years of federal financial malfeasance.
Trump ended his term with a negative gdp, huge exploded deficit, rapidly growing debt, worst unemployment in living memory, a historically easy to defraud never repay ppp loan program every Republican congressperson scammed, tens of millions of disabled taxpayers and a million dead taxpayers. Trumpenomics had us on the fast road to unavoidable recession/depression in Jan 2021….Bidenomics avoided it and created a boom. 🤦‍♂️

Republican bickering has already led to our national credit rating being downgraded once, costing the nation billions in increased loan interest alone with nothing gained besides the degradation of our congress and the national union. You would happily have that continue until it bankrupted the nation irreparably then blame Biden.

Every whining word you wrote is a lie, and easily proven wrong.
Why do you spout these obvious, easily debunked lies?

You can’t even carry $200 worth of grocery store steak in your hands. What ridiculous lie are you spreading now? I bet you can’t carry more than 2 gallons of milk at once, so under $12 worth of groceries. In fact, I bet you can’t carry 2 half gallons at once, so $6 is your hands full. 😂

Most wage gains are going to the bottom 60%, not the top 10% like all gains under the rapist Trump. Wages rose at .4% in July, well above predictions.

The record setting jobs numbers have been revised UP almost every month this year. May was almost double the estimate. July was revised down ever so slightly, but is still amazingly good and now becoming sustainable for the long term…adding 340000 jobs a month like we did in May was not. Adding 190000 in July is great, an amazing number of jobs created, and sustainable.

Trump the rapist is the only modern president to ever LOSE jobs while president, he lost around 3 MILLION JOBS overall (and 1 million Americans) and had a record high unemployment of 14.7%…Dark Brandon has recovered every single job Trump the rapist lost and added well over 10 MILLION new jobs on top of that, leading to record low unemployment numbers staying around 3.5%. 😂

Employers are looking for more workers desperately, not cutting hours or jobs you absolute liar. (Elon is the exception because he’s trying to destroy his companies out of spite). Some are canceling projects because they can’t find workers.
Employers are creating more jobs than anyone ever expected consistently, not cutting jobs like they did under Trump. 😂

Inflation is down to 3% and falling.

Unemployment is at 3.5%.

GDP is expected to hit 4% this quarter.

Economists have said we are no longer at risk for recession.

Trump’s last numbers were near 7% yearly unemployment (down from 15% in April), 8% inflation, -2.7% gdp, and a predicted recession and likely depression expected in the near future.
You are so delusional you want to return to these disastrous numbers and whine incessantly about Biden’s economic recovery that’s record setting in its gains on all fronts despite the near depression, negative gdp, insane unemployment, insanely high inflation, and out of control pandemic he inherited.

Every stupid word of your post is a lie. Every prediction you made has failed miserably. Not surprising, you are a constant liar that hates facts and truth because they make you look incredibly stupid, racist, fascist, and ignorant. I think your brain is so damaged you think it’s 2020 again…the worst year in living memory on all fronts, and exactly what 3 years of Trumpism gets you. 🤦‍♂️

Keep the tantrums and MAGA tears coming..so yummy you guys…mmmmmm, yes!

Then I fear you haven’t been paying attention. He’s been more explicitly bigoted on numerous occasions against various groups.
He’s been vocally bigoted against all non whites, non straights, women, non evangelicals, liberals, scientists, economists, etc. pretty much everyone except white men and MAGA, I can’t think of a group he isn’t in that he hasn’t been bigoted against in the last decade.

You have no clue how economies work. That’s obvious to everyone.
Every professional economist will tell you clearly, the attempted blackmail using the debt ceiling as a hostage has already cost hundreds of millions or more in lost revenue/investment, and will cost TRILLIONS if our credit rating is lowered significantly, which it will be soon.
How much of that spending was Republican spending (and unprecedented economic losses) from 2019-20?
How much did they/you care in 2017-20? ZERO…that’s how much.

The economy was doing great under Biden until over leveraged banks started failing. It’s still doing well, but could falter. The bank failures are 100% due to thoughtless deregulation by maggots.

“What the Republicans passed is fair even if Democrats dont like it.”
You don’t even know the topic now? “Whatever the maggots passed”…like trillions handed back to billionaires then claiming poverty, claiming millions to feed children bankrupted us, not TRILLIONS TO BILLIONAIRES. (Or do you mean the MAGA brainless budget proposal guaranteed to create a depression, massive unemployment, and doubling or tripling the homeless while bankrupting the nation?). You are such a silly little boy.

What they should have done is repeal the Trump handouts, reinstate reasonable corporate rates (with minimum tax rates so no company and no one making $75k pays zero), that would erase any need to raise the debt, but to your ilk that’s a non starter because those poor billionaires need that money for buying and destroying companies like Twitter.

ROTFLMFAHS!! First, Bush left two wars off those books, then crashed the economy into depression. Obama pulled it out and left the economy healthy and growing. Trump in 4 years, starting with a healthy economy and balanced budget spent as much in 4 years as Obama in 8, raising the spending levels like an rocket and lowered the income of the government by trillions, made gdp a NEGATIVE number, unemployment skyrocketing like never before in history, (and don’t forget over 1 MILLION DEAD Americans and what, 10 million disabled?)

Government has both an income and spending problem…wasting $40 billion on a fence that has INCREASED immigration rates (but refusing to increase border control spending to hire more agents)…wasting $10 billion on a border stunt by Texas that didn’t catch a single smuggler but caused shortages and gridlocks at the border and ports for weeks. Outraged at the idea of staffing the IRS enough to enforce tax laws despite it being guaranteed to make billions in recovered taxes that otherwise go unpaid. Causing billions to be spent protecting government workers and buildings from terrorist maggots and their mobs and death threats and bombs, molotovs, guns, nooses, etc.

Social security isn’t a general fund item, dummy. Cutting it doesn’t put money in the coffer, it merely lowers how much workers pay into their accounts and takes some from those who already paid in.

Bank failures are due to deregulation that allowed over investment without cash reserves so when interest rates went above zero, which was guaranteed to happen sometime, they were guaranteed to lose their shirts. Regulations were put in place to make that 100% illegal after 08, and were removed in 18 guaranteeing a repeat.

Inflation caused by 1/3 of every dollar being created out of thin air under Trump while our GDP tanked. Both caused inflation.

Yeah, sure…Trump caused the crisis, failed to properly address it exacerbating it by a factor of 10, finally started to a hundred days late and billions of dollars short. Biden turned a negative Trump gdp around to positive, fixed the unprecedented high unemployment under Trump, and got Covid under control…but it’s Biden that broke the camel’s back with his 10% contribution, not Trump’s 90%….in fact we should get Trump back and get the ball rolling downhill again. 🤦‍♂️

Blaming both sides (which you are attempting) doesn’t solve the problem. Solving the problem solved the problem, and Biden has solved many problems Trump left behind and solves more every day while Trump gets another indictment for criminally personally benefiting from mismanagement, fraud, thefts, sale of state secrets, covering for murders, vote fraud FOR HIM, etc.

Trying to blame Dark Brandon for the horrific mess Trump left does not solve the problem, it attempts to distract from it with nonsense.

ROTFLMFAHS!
The numbers are what they are. Sales down. Prices down. Profits down. Value down. Demand down. Monopoly gone.
Grows at 45%??? Only if you start from the years when it was worth absolutely nothing. Last year they lost over 51% of their value, in the last 18 months they lost even more than 60%, and every metric of future success is looking bad for them today.

A few years ago they had almost 100% of the ev market, with better options just now coming on the market they are already at 50% and are in a market share freefall.

Like I mentioned, Forbes economists all expect further TESLA stock decline, one expects it to reach $25 a share, but you know better. (If profits hold, I say $50 is realistic).

You again pretend you didn’t know that the big 3 spent tens of billions tooling up for ev production lowering their profits while Tesla has drastically slowed expansion (boosting profits) since they can already produce more than twice what they can sell and because their operating capitol has evaporated…and still their profits are shrinking like a shrinkydink in a volcano. 11% buddy. Down to 11% profit margin AND SHRINKING.

Are you saying Tesla stock hasn’t tanked?!? WTF?!? Really, I’ve got to hear this.

Lowered prices why? Because they can’t sell the cars they built. Duh. Also because the large government rebates are ending, making the cars COST more for customers without a price change. You blame covid (which you say isn’t real) but Covid isn’t hurting other manufacturers like Tesla.
I’ve seen plenty of F150 ev’s around…but still no Tesla truck. I see more ev’s on the road from every OTHER manufacturer daily, but the number of Teslas I see has plateaued. I’m in Cali, so I see plenty of ev’s.

Derp. I said clearly I called the TESLA STOCK crash. I told you it was insanely overvalued with a PE near 200. I did not say the stock market would crash, although I did expect a recession late 2020 possibly becoming a depression in 21…Biden’s leadership avoided that. 😂 Your damaged brain can’t stay on topic for two seconds. Jeebus.
The market isn’t tanking, my investments have done well for the last two years…unlike under Trump when I lost money….hand over fist in 2020. But I didn’t put every dime I had in one insanely overpriced inflated bubble stock like you claim you did….of course the economy looks shitty, your stupid investment strategy guaranteed you would lose your shirt.

Truth is, yet again, you can’t follow a short conversation without bending yourself in pretzels and changing subjects. That’s ok, I don’t write these for you. You aren’t capable of comprehension. That’s quite clear.

LOL. So I made a point to you, there is no one so uninformed. Nor is there another so devoid of knowledge and facts than yourself.

It’s a FACT they are still losing major market share at rates other car companies aren’t…in fact others are gaining.
It’s a FACT they lowered prices 6 times now, and continue to drop in sales.
It’s a FACT that now that they have competition, they aren’t in demand and don’t hold their value like the competition does.
It’s a FACT that I called the crash before it happened while you were telling people to buy all in at over $400 per share, and I continued to warn it was insanely overpriced and a bubble waiting to pop….I was 100% correct. Economists expect it to continue to fall, Forbes indicates it may well be headed for $25 a share, definitely still falling.

I must follow Tesla better than you, because my predictions have come to pass and yours were all fantasy that never materialized. I think you listen to Elon, who has proven to be a total disastrous idiot who’s destroyed his own companies, not the tech genius he once appeared to be.
You simply cannot ever admit you were w-w-w-w-wrong. A sign of massive insecurity.

Um…operating margin dropped FROM 19% to 11%. Operating capitol dropped even more. Price drops aren’t improving slumped sales. Massive recalls are not only making customers unhappy, they are turning off new customers. Poor construction is not up to industry standards and new non Teslas are. Drivers assist has just been convicted on a $3 million injury/damage claim (with more in the pipeline while other companies roll out theirs.
Worst of all is Elon himself, who decided to become a public personality figure, exposing his far right politics to his left leaning customer base, his willingness to take any government handout while decrying them at every turn, his unbelievably bad business sense, his douchbaggyness and constant hypocrisy, and his penchant to pretend his best case scenario is a guaranteed future. He, more than any two factors combined, is responsible for the slump in sales and crash of Tesla and Twitter.

You blame the 2020 economy, but every other ev manufacturer is doing much better. You say they made 420000 cars q1 23…maybe true, but what good are they when they only sold 181,000. Making all those poorly constructed cars comes at a major loss. Derp.

ROTFLMFAHS!! You guys need to stop, I can’t get anything done if I spend all day laughing until my sides split.

Green tried to blame Biden for the fentanyl flood by trotting out a pair of dead teens whose deaths she blamed on Biden….they knew for a fact they had died in the early summer of 2020 from fentanyl brought in on Trump’s watch. When asked about the intentional misrepresentation to the American people her official response was “Do you think they give a f**k about your bullsh*t fact checking?”

Bohbert tried to blame Biden for federal workers abusing work from home to take vacations while getting paid, citing statistics from 2020 when Trump’s administration was incapable of formulating a plan/policy to avoid that…apparently unaware who was president in 2020 or that the administration and policies had changed since then.

Gaetz tried to blame Biden for supplying weapons to a paramilitary force Russia accused of war crimes, citing a Chinese propaganda publication, “the global times”…the reply was “I don’t take Beijing propaganda at face value.” which Gaetz had to admit was a much more intelligent position than his.

Banana Republicans tried hard to show Biden had forced Twitter to censor right wing political speech, but only proved that Trump repeatedly abused the power of the federal government to force multiple private companies to censor private citizens for upsetting him while Biden’s camp only requested they remove nude revenge porn against a private citizen that clearly and blatantly violated their TOS (and some laws).

Oof! The “L”s are coming fast and hard. Pretty sad when you start and run the investigations and just keep proving how guilty you are and how squeaky clean your opponent is by comparison. You must be so proud. I guess you all got tired of winning.

Bonus- Having learned nothing from the banking crash of ‘08 caused by Banana Republican bank deregulation, and despite all the warnings from economists and the CBO report that the plan would likely lead to another round of enormous bank failures, Banana Republicans again deregulated banks in 2018 which has now led to another round of bank failures that taxpayers will likely end up paying trillions for again in the end. Thanks Trump.
Now Fox and Republicans who caused this failure are actively working hard to turn one bank failure into a depression by telling their viewers to start a run on the banks, all banks, because they believe they can pin the results on Biden.
Also, google Larry Householder and Matt Borges

Professional economist here (hence, perceived as right wing) who began studying economics due to concern about climate change (hence, perceived as left wing).

[1] The classic statement of when markets 'work' is the 'first fundamental theorem of welfare economics'.

[2] 'work' in this sense means 'leads to a Pareto-optimal outcome', which means an outcome in which no one can be made better off without making someone worse off. This is a low standard: an outcome in which I have everything is Pareto-optimal.

[3] the conditions for the welfare theorems are generally not satisfied in practice. Here, as alluded to in the ad, carbon emissions are 'externalities': if an oil company sells you gas, which you then use, both of you are better off, because you're assumed to have taken into account the effects of your exchange, and decided to proceed; other parties have not, so may be worse off.

[4] in general, failure of the welfare theorem conditions isn't enough to make the case for government intervention: the outcome may still be 'constrained' efficient - meaning that, given the inherent constraints in the problem (e.g. asymmetric information), the market outcome is Pareto efficient.

[5] again, even if it is, you may not like the particular constrained efficient outcome the market yields (e.g. I get everything).

[6] in the case of externalities, the theory is pretty well established - if we want efficient outcomes, we need to align the private and social costs. There are two basic market-based tools for doing that: quantity tools (e.g. carbon permits) and price tools (e.g. carbon taxes). Which performs better depends on the sort of market imperfections.

[7] obviously, we will never have a perfect estimate of the efficient price or quantity of carbon to emit in a given year. Equally obviously, to me at least, this is a classic case of an externality with a well developed body of theory pointing in the direction of some level of controls.

[8] in my experience: people familiar with the economic theory tend not to be 'pro-market' or 'anti-market': they tend to want to understand how the market can be used to deliver societal objectives and, when it can't, how to correct its imperfections.

A German mark had value….until it didn’t. Your opinion of “fiat money” isn’t universal by any stretch. You say it’s universally better. I wholeheartedly disagree, and point to Germany and Venezuela as proof. They aren’t outliers either, (looking at Africa).

Gold is useful and valuable. Digital footprints aren’t. Paper notes aren’t. Printed circuits, connectors, anti oxidation, actual physical money, jewelry, etc. gold has intrinsic value, a dollar bill has about 13210 joules, so its intrinsic worth is about 1 small 1 gram stick as kindling and little more….no matter if it’s a $1 or $500 bill or a check for billions. Again, see Germany, where bills were more valuable as firewood than money.

This deflation idea again. Give me 3 examples of deflation harming/ending a nation on the gold standard please, I’ve never heard of it happening. (Edit: as far as I can find, I’m no economics professor, for the most part the gold standard was abandoned worldwide in the early 1930’s and the last remnants removed in the early 70’s by Nixon)

Explain how unsecured notes guard against speculation….don’t just claim it. I don’t see it, people made a mint short selling Venezuelan (and other failed) dollars….speculating they would crash….they did. What?

GDP is the metric that imparts value to unsecured notes offered by countries.

I think you had a mini stroke, the paragraph starting USofA is a word salad with no meaning.

Name 3. I named Germany post ww1….they didn’t get to borrow or ignore their debts. What are you talking about?

So, the only ones that don’t/can’t borrow are all the ones that need to.

Pretending basing your dollar on Bitcoin is the same as basing it on gold is outrageous idiotic bullshit. Just nonsense. Utterly moronic and pure fantasy. Don’t try moving the goalposts, that’s what you said.

Yes, the fed will take gold. They don’t take Bitcoin, do they? How about shells? Pebbles?

Jesus, you just want to argue. You’re rambling, switching positions and going off on tangents.
It’s not about whether someone might accept it, it’s about whether it’s universally accepted at one value and about holding its accepted long term value. People once gladly accepted beanie babies as payment….stupid people.
Arcata Ca printed up Arcata dollars….you could get them cheap, businesses took them. Wanna put your nest egg into them? You say that’s good money, as good as dollars. I’ll sell them to you for gold, and let’s see who’s doing better in 10 years. Or I’ll sell you pebbles for gold. Any currency you want, I’ll sell you for gold. How’s that working with pebbles or shells? Can you buy currency with them?

It has everything to do with how much it’s worth. Stop jumping subjects because your point is failing to convince. An economy based on pebbles fails because their neighbors don’t value pebbles, but if their pebbles are gold, they succeed because gold is valued universally.

What are you talking about, the gold standard’s ability to keep up? Huh?! No keep up necessary, no slow down required, gold trades exactly as fast as everything else. What is this nonsense?!?

You mean you can’t overspend and go deep into debt?! And that’s bad?! In your opinion, not many economists….and what makes you think you can’t borrow against gold? Secured loans are easier and cheaper to come by. WHAT?!?

Yes, unsecured paper money can just be printed forever, you CAN “sell the universe”. (Or sell dollars who’s overall value is based on your country’s value) over and over, then print more and sell 9/10 again, print more, sell again. Eventually that money is worth less than it costs to print, and your creditors get paid off in dollars worth a tiny fraction of what they lent you. Not if it’s backed with gold.

Miracle cure?!? Quote it. I think you misread. Secured notes being better than unsecured notes is not “miracle cure” or perfection, it’s just measurably better, safer, and more stable. No system is perfect.

Downvote at dishonest “bidenflation”. This is Trumpflation if we must be infants.

Economists will tell you how inflation happens. Creating 1/3 of every dollar in existence to pay for things we can’t afford (2020) is the simplest way. Lowering GDP is also a factor (-2.2% 2020)
At least under Biden, wages are increasing too. Didn’t happen under the last president, not so much. Inflation from a glut of new money (but no added value) takes time. It will continue no matter what steps are taken until the spending we did on fake “credit” gets paid.

Another debt Trump left, not Biden policies driving inflation.
I defy you, @bobknight33, name 3 Biden policies that are driving inflation. Name one. I’ve named the Trump policy economists say caused it….printing new money to pay for programs without funding. Look it up.

As for meat prices, remember that little thing called Covid? Remember how the last administration insisted Covid was a mild flu, and meat processing plants closed because of massive outbreaks? That, and subsequent labor shortages have increased prices, not Biden adding taxes.
Comparing mid pandemic unnaturally low (shutdown means cheap fuel, even free oil) fuel prices to artificially inflated (refineries refused calls to ramp production back up) prices of today is a red herring, a paper tiger. Two factors there caused the increase, neither caused by Biden.

Total false narrative, or in bob speak, FAKENEWS!

HEEEEEEEEEEEEY---------
When am i gonna see that extra $4k dollars a year from the 2017 tax bill trump signed---a lot of people forgot about that, but just now we're hitting the stride where we have to start paying for the tax cuts he gave himself and anyone else making $500k+ a year

I'm supposed to get an extra $4k back in my taxes from that, that's why I have to pay more in taxes now that they're sun-setting.
https://web.archive.org/web/20200306224327/https://www.washingtonpost.com/news/wonk/wp/2017/10/11/trump-says-corporate-tax-cuts-will-mean-4000-extra-i
n-your-pocket-economists-arent-so-sure/

Remember? Where's my $4k trumppy? where's my extra $4k EVERY YEAR!?!?
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Oh but it saved jobs or something right? Is there an emoji for jacking-off an eggplant?

https://www.pbs.org/newshour/economy/making-sense/did-trumps-tax-cuts-boost-hiring-most-companies-say-no
https://www.theguardian.com/business/2020/mar/10/at-and-t-layoffs-jobs-slashed-trump-tax-cuts
https://publicintegrity.org/inequality-poverty-opportunity/taxes/trumps-tax-cuts/tax-law-offshore-jobs/

@bobknight33

Ok...i should have said "all but guaranteed under all BUT the most wildly optimistic projections". Got me.

Since, time and time again, the UN "collaborative summary" has had to be revised upwards, and recent measurements show current melting rates it claimed won't be seen until 2075 in Greenland, yes, I have a low opinion of their political/scientific consensus...but the scenarios I mentioned are not the most extreme I can find, just the most likely if you look at data rather than projections based on the conglomeration of incomplete, cherry picked, and non peer reviewed science as well as full scientific studies.

The IPCC does not carry out original research, nor does it monitor climate or related phenomena itself. Rather, it assesses published literature including peer-reviewed and non-peer-reviewed sources. Thousands of scientists and other experts contribute on a voluntary basis to writing and reviewing reports, which are then reviewed by governments.
They are not the scientific community, they are an international political body chaired by an economist that makes suggestions hopefully based on real honest science, but not necessarily.


There is plenty of consensus that the IPCC estimates are low....NOAA gives up to a 2.5M rise estimate for RCP8.5...the no mitigation, business as usual model we are outpacing already. Based on their numerical system, we're looking at RCP 10+ because emissions are rising, not flatlined, certainly not lowering.

https://www.forbes.com/sites/uhenergy/2018/06/15/is-the-ipcc-wrong-about-sea-level-rise/#712580f03ba0

"The veracity of the statement has no bearing on the fact that you dismissed/questioned it first"

<Sigh> Pedantry is tiresome. Tell your friends.

My original statement had to do with my belief that wealth inequality is not a bad thing. It had little to do with OP's assertion that he foolishly sees current wealth inequality as "staggering".

"Forgive us if we take the words of economists, historians, reality, and our own senses over a random person's opinion. "

You are free to heed whoever pleases you. If you crave my
forgiveness, consider yourself forgiven.

"If that's not excessive, I have to wonder what could be in your opinion. "

I too have to wonder what "excessive" wealth inequality actually looks like. I don't think I have ever seen a large scale example. So, I'll just pull a number out of the air: under most distribution models, I would say that I consider a Gini coefficient of, say, .9 to be "excessive".

"My wife, head of her department for 10 years, working 45-50 hour weeks, makes $30k a year working like a dog....Warren Buffet makes >10000 times that much doing absolutely nothing...not excessive?!"

I thought we were talking about wealth distribution, not income distribution. Anyhow, to answer your question, the answer is "No", I do not consider that to be "excessive".

The veracity of the statement has no bearing on the fact that you dismissed/questioned it first, and now agree. Your position changed....and so has your argument now from 'staggering wealth inequality isn't a bad thing" to ' wealth inequality isn't staggering'.
Forgive us if we take the words of economists, historians, reality, and our own senses over a random person's opinion.

Wiki- in 2014 the top wealthiest 1% possess 40% of the nation's wealth; the bottom 80% own 7%; similarly, but later, the media reported, the "richest 1 percent in the United States now own more additional income than the bottom 90 percent".[8] The gap between the top 10% and the middle class is over 1,000%; that increases another 1,000% for the top 1%. The average employee "needs to work more than a month to earn what the CEO earns in one hour"
If that's not excessive, I have to wonder what could be in your opinion. My wife, head of her department for 10 years, working 45-50 hour weeks, makes $30k a year working like a dog (at a job that is life and death for her customers, platelet donation, her department keeps our only local blood bank open as the only money making department, she doesn't make fries.)...Warren Buffet makes >10000 times that much doing absolutely nothing...not excessive?! Also, because he only pays taxes on what he spends, he pays less in taxes than we do.
Thpp!....Ack!