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Situation 1, Year 1: Rich person has 100, the one hundred poor people have 1. Situation 1, Year 2: Rich person has 150, the one hundred poor people have 1.2 S
by simbolit 3y ago
Situation 1, Year 1: Rich person has 100, the one hundred poor people have 1.
Situation 1, Year 2: Rich person has 150, the one hundred poor people have 1.2
Situation 2, Year 1: Rich person has 100, the one hundred poor people have 1.
Situation 2, Year 2: Rich person has 150, the one hundred poor people have 0.8
Both situations show increasing wealth inequality, but only one shows wealth redistribution up the ladder.
- epidemian 3y agoOther dynamics, like inflation and gentrification to name a couple, can make Situation 1 basically the same in practice to Situation 2. It just makes it more difficult to point out because "everyone's money number has gone up, so the system works!"
- simbolit 3y agoI agree, the difference isn't large. But my parent was asking for the difference, and I think that is the difference.