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The 80/20 "rule" is not indicative what should be the right distribution. Also, wealth concentration has worsened over time. So, there was a time when it wasn't
by sanp 6y ago
The 80/20 "rule" is not indicative what should be the right distribution. Also, wealth concentration has worsened over time. So, there was a time when it wasn't this concentrated and without a somewhat more equitable distribution we will see societal problems. The 80/20 rule is just a heuristic and not meant to be a guide for how things should actually be.
- sixQuarks 6y agoI never said it should be used as a guide for how things should be. Merely pointing out that many systems naturally result in this type of distribution. We have to realize this is a natural outcome if we don't actively try to make things more equitable. Not just people, but companies as well. For example, the top 10 largest publicly traded companies make up 30% of the total value of the S&P500.