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That comment is missing the fact that IF the top 1% are having huge growth in wealth AND the 99% are having tiny growth then perhaps we could tweak matters so t
by adaml_623 14y ago
That comment is missing the fact that IF the top 1% are having huge growth in wealth AND the 99% are having tiny growth then perhaps we could tweak matters so that the growth in wealth, which we can clearly see by examining the whole picture, is not quite so lopsided.
I don't care if there are people with 100's of millions of dollars but when I know their wealth is increasing at very fast rate it makes me think they'll be okay if we 'level' the playing field
- BrianEatWorld 14y agoDoesn't that rely on the assumption that gains are uniformly easy to generate across the income spectrum? As a thought experiment, imagine you had a million dollars and wanted to use it to make more money. Then imagine you have a thousand. Isn't it much easier to make money, when you already have money? Things like diversification, favored rates on investment and economies of scale/scope only appear at the upper end of investment. While we may be able to tweak things, the fact remains that gains may just be easier to come by at the upper end of the spectrum.