[codyb]

If inequality is very high (say 1% own 40% of the resources), and a child inherits almost a percentage of the _entire society’s wealth_ just by birth then that select group of inheritances is receiving incredible portions of the accumulated wealth of society by birth becomes an aristocracy.

Thats how I read GP.

[onetimeusename]

Yes that's true, but the actual percentage of ownership hasn't changed, it stays the same. But the bigger issue is that the economy is not really a finite thing. Owning a certain amount of land, maybe by inheritance is not the same as owning a never changing percentage of all the resources. A good counter example might be something like inheriting shares of Google, or Amazon. Those people might never have owned any significant percentage of land but that did not stop them from owning something else that is more valuable than the land. So the resources change over time and I don't really see why land ownership is being used as a proxy for everything. Now, also, you may have not been making that point yourself but just clarifying. I just want to talk people down from the land confiscation movement because it seems destructive and pointless.

[FakeComments]

Yes, but that’s not being realistic.

1% of 1 million people is 10,000 people, who will be roughly half kids and young adults — the heirs.

So you’re talking 0.00008% of the wealth being passed down, roughly. That’s still pretty unequal in a society with a lot of people, but I’m also not sure smashing any granule of accumulated wealth leads to a vibrant society — the inter generational transfer of structures is essential for culture.

Capitalism is fundamentally just highly mobile aristocracy, though — and that may be the best we can do.

[robocat]

> So you’re talking 0.00008%

The ownership is probably a power law. If you did a simple "averaging" division, that makes no sense.