3 ms·
I think the most interesting (and yet obvious) observation of this article is about the very non-linear distribution of wealth (and income) in the modern world.
by alanfranz 4y ago
I think the most interesting (and yet obvious) observation of this article is about the very non-linear distribution of wealth (and income) in the modern world. 10x/20x differences are rarely justified by effort or skill, of course. Luck and compounding effects give a partial explanation. But it’s rather clear that inherited compounding effects have a larger effect, and until we have a way to rebalance wealth, more than income, we won’t be able to change that.