4 ms·
>Getting the rug pulled at that point just means you make a little less money. It also means you have a much harder time saving for a house, funding a company
by mat4magic 7y ago
>Getting the rug pulled at that point just means you make a little less money.
It also means you have a much harder time saving for a house, funding a company etc.
The top 10% are also the most important part of a society from an economic perspective.
So basically its easier to get into the top 10% in Europe while its easier to get into the very top in America.
The are much more selfmade Billionaires in America , i suspect its the same for Millionaires
https://www.citylab.com/life/2016/05/world-billionaire-wealth-global-one-percent/482802/ https://www.citylab.com/life/2016/05/world-billionaire-wealt...
- mercer 7y agoThere are many more people who would like to enter the 'Tonnaires' than there are who consider Millionaire or Billionaire status a worthwhile goal. And as far as I can tell anything beyond a few ton doesn't significantly increase happiness. From my perspective there's no reason to value the ability to become a 'self-made' billionaire if it leaves more of the 'precariat', and I prefer a society that reduces the number of people that are part of it.
- mat4magic 7y agoI agree with you that this would be a more pleasant society for the majority, which would be a good thing. Unfortunately i think that the more "unfair" society would be more dominant and will outcompete it over time, thereby making it worse. So i think in the end some unfairness will isnecessary, but maybe less then we have today