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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Hard work does not create wealth. The only thing that creates wealth is wealth, and we have it, and you don’t.

This quote from Horrible Bosses 2 always stood out to me.
- fallaciousBasis@lemmy.world
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  Wealth is not the same as power. Wealth is owning money. Power is owning souls.
  
  House of Cards… Paraphrasing Frank.

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