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by simbolit 927 days ago
Situation 1, Year 1: Rich person has 100, the one hundred poor people have 1.

Situation 1, Year 2: Rich person has 150, the one hundred poor people have 1.2

Situation 2, Year 1: Rich person has 100, the one hundred poor people have 1.

Situation 2, Year 2: Rich person has 150, the one hundred poor people have 0.8

Both situations show increasing wealth inequality, but only one shows wealth redistribution up the ladder.

1 comments

Other dynamics, like inflation and gentrification to name a couple, can make Situation 1 basically the same in practice to Situation 2. It just makes it more difficult to point out because "everyone's money number has gone up, so the system works!"
I agree, the difference isn't large. But my parent was asking for the difference, and I think that is the difference.