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> a rising tide does raise all ships The thing that has always bothered me about this analogy is that a sea level rise affects all ships uniformly while the ma
by KineticLensman 3y ago
> a rising tide does raise all ships
The thing that has always bothered me about this analogy is that a sea level rise affects all ships uniformly while the magnification of wealth doesn't. It's more like everyone standing on a plain and then the centre deforms upwards, creating a peak of wealth while most people are on the (only slightly higher) foothills.