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by LessDmesg
2375 days ago
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An average person today with e.g. a car, a shower and a smartphone with internet access is already richer than any of the kings of the past. Retirement plans also didn't exist or were not widespread. Dentistry and birthcare were either charlatanic or inaccesible etc. So no, wealth isn't "hoarded by a small percent of the population", we really are, the vast majority of us, richer than ever in history of man. |
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George VI was a “king of the past”; I don't think there is any reasonable general sense in which the average person today is richer than George VI. If you go to the distant enough past, this becomes arguably (and, farther, clearly) true, but also not at all meaningful.
> So no, wealth isn't "hoarded by a small percent of the population
Yes, it is; the narrow distribution of wealth is uncontrovertible.
> we really are, the vast majority of us, richer than ever in history of man.
That doesn't contradict that wealth is narrowly hoarded (that is, both narrowly distributed and that narrow distribution being the active choice of those who are in the narrow group receiving the most), and to the extent that it is true, it doesn't matter because, in fact, wealth is narrowly hoarded and it turns out that, once you get out of the most abject poverty, relative wealth matters more to experienced utility than absolute wealth.