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This is precisely correct, ironically downvoted. The 90%/10% is a distraction, the pool of wealth is nearly unlimited as long as we have natural resources (ener
by exabrial 3y ago
This is precisely correct, ironically downvoted. The 90%/10% is a distraction, the pool of wealth is nearly unlimited as long as we have natural resources (energy, materials).
This trend will continue until resources are no longer exploitable, or people trying to enrich themselves created artificial scarcity or restrict their trade.
- bmitc 3y ago> The 90%/10% is a distraction This is false. The concentration of wealth directly correlates with increases of death, starvation, suffering, etc. Inequality is by far the most important measure. "Growth" of income is effectively meaningless on its own without relative comparisons to the other classes in your own country and the significantly higher increases in the cost of living. If you look for the narrative you'd like, you can certainly find a number in isolation supporting it. But that narrative falls down when you look at the whole picture.