Hacker News new | ask | show | jobs
by rswail 591 days ago
The top 1% are closer to a homeless person on the street than they are to the top 0.1%.

The wealth inequality in the US is the underlying fracture in the social compact that is driving the populist politics that are at play.

1 comments

Although wealth inequality would not be such a big deal if there were sufficient merit based social mobility and plentiful opportunity to develop merit.
There is no merit that warrants more than 10 million dollars. At that point money is just power, not consumption.