Mark Perry presents data showing that the medal distribution of the 2008 summer Olympics is approximately the same as the income distribution of the United States. That is: the medal distribution is very unequal across percentiles, with top “earners” receiving significantly more medals as a percentage than bottom “earners”.
Mark asks the logical question: should a progressive, redistributive medal tax be imposed on the games? And then he explores the consequences of what imposing such a tax might do to the games. A very good thought experiment and one that all progressives and Occupy Wall Streeters would do well to engage in.