You Should Know@lemmy.worldEnglish · 14 hours ago

YSK: Extreme wealth inequality is baked in to the system

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YSK: Extreme wealth inequality is baked in to the system

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You Should Know@lemmy.worldEnglish · 14 hours ago

Why the super rich are inevitable

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Why some mathematicians argue the economy is designed to create a few super rich people – unless we stop it.

The simple math of the Yard-Sale Model shows that if everybody started out with equal money in a fair economy, the outcome tends toward one person holding all of the money. The cool graphical simulations on this page demonstrate why.

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Not a fact, an assumption based on an assumption baked into this economic system.

If I could live on the salary, I would prefer a manual labor job.

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