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Accumulation of wealth by a single individual is a very inefficient distribution of resources (from a maximizing utility perspective) due to the diminishing val
by concordDance 7y ago
Accumulation of wealth by a single individual is a very inefficient distribution of resources (from a maximizing utility perspective) due to the diminishing value of each additional $.
- tirant 7y agoThat's a very strong assumption to make. Because you are putting a limit on the capabilities of an individual and the cost of the problems and projects thet may work on.
- fidelramos 7y agoI don't think the accumulation is inefficient per se, it would depend on what the individual does with that wealth. Bezos or Musk invest that capital in productive enterprises, which arguably benefit society. Edit: typo.