Hacker News new | ask | show | jobs
by Chris2048 3165 days ago
> A rational billionaire would realize that he have nothing to gain from more wealth

> if poor people were rational they would organize against rich people

These seem at odds. If poor people were rational, the billionaire would have something to gain from wealth; protection against the poor...

In any case, I don't think it's true: The poor are more likely to be successful aiming for poorer targets, meaning they have more to fear from other poor, and less expected success in targeting the rich. That, and acting out of self-interest when poor can turn against you when you aren't..

> irrational tendencies to hoard wealth

The more wealth you have, the lower the risk of being poor. You are only doing the calculation:

    (money obtained) - (money needed)
when the truth is closer to:

    (money obtained)(chance of keeping money) - (money needed)

    (chance of keeping money) =  A + B*log[(money obtained)]
And this is before you think about how money gets divided among dependents, i.e.

    (money desired) = (money needed per person lifetime) * (number of dependents)