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I once did a bit of napkin math for a progressive friend of mine and have used it more widely since. Most people end up shocked and unwilling to accept this, wh
by martythemaniak 6y ago
I once did a bit of napkin math for a progressive friend of mine and have used it more widely since. Most people end up shocked and unwilling to accept this, which amuses me.
I ask: "Suppose the government took 100% of corporate profits every year and distributed them evenly to the people, how much will everybody make?" I do this for Canada and if you take the average of corporate profits over the last 10 years and divide by the population it's $7,500/a.
People don't like this, they're convinced there's way more money "out there" than there actually is. There isn't, we're all poor, and the existence of inequality doesn't change that.
- 6gvONxR4sf7o 6y ago$7,500 per person per year is actually higher than I expected. I 10000% agree with the general point that people seem to think the rich and/or corporations have wildly more than they really do.
- deleted 6y ago[deleted]