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by consumer451 360 days ago
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.

1 comments

I think you DO want a distribution in this shape, but we need to turn down the contrast. It needs to be smoother from the top.
What spread do people think is ideal?

For context: currently, the median net worth of a US household is ~$192K. That means Elon is worth roughly 6 orders of magnitude more than the average household (not just person).

I have my own vague idea what order of magnitude difference I would target, but I'd like to think I could be swayed an order of magnitude or more up or down with good, well-reasoned arguments. As such, I'm curious to hear others' opinions before I pollute the discussion with my own.

I should have been a bit more clear. To me, a disparity is "normal." The problem is the current scale of the disparity, and especially its seemingly unstoppable rate of increase.

What is going to be the end state if we proceed with the status quo?