4 ms·
I think this is just because wealth distribution is a powerlaw with extreme concentration at the far end. For example in this graph you can see a trend, the clo
by grunder_advice 9mo ago
I think this is just because wealth distribution is a powerlaw with extreme concentration at the far end. For example in this graph you can see a trend, the closer to the top, the steeper the line.
https://imgur.com/a/6omRYu3 https://imgur.com/a/6omRYu3
As an extreme case, let's look at the top 3 billionaires in 2000 and 2025 respectively.
2000 Gates, Ellison, Allen $135 billion vs. $42.0 trillion ≈0.32 %
2025 Musk, Ellison, Zuckerberg $957 billion vs. $172.9 trillion ≈0.55 %