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by consumer451
360 days ago
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This visualization is stark, but I would love to dive into the real reasons as to why this could be a bad thing, and how we got to this point. Here are my assumptions, please let me know if any are interesting, correct, or wrong: 1. "Velocity of money" is a concept which appears to indicate that giving money to a non-rich person is far better for the economy than giving it the to the wealthy. 2. Humans are just not evolved for being on the rich side of this level of wealth disparity, and given how all that works, we never will be. Most individuals on the wealth side begin to act really strangely when confronted with the reality. I think many of us here have seen this change occur in most people who became very wealthy. It's natural, but does not appear sustainable at this scale. 3. As worker efficiency has increased with technology, nealry all the spoils seem to have gone to those with capital, which led to this stark graph. |
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