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by yafinder 886 days ago
I think this is just an "r>g" rule made famous by Piketty. When r (return on investment) is bigger than g (overall economy's growth), the rich get richer. It's unsustainable in a pure mathematical sense, the rich cannot own more than 100% of economy, so at some moment this system breaks, and one can only hope that it doesn't break violently.

Piketty somehow wrote a 1000 page book about that, and a slightly controversial one, but an idea is very simple and, I think, hard to argue against.

1 comments

i'm not an economist, so ... but i think it would be possible for few people to own everything given that their wealth isn't just money in a bank but all sorts of assets with a life of their own. such a person then effectively represents something similar to a state or country. united companies of amazon ...