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Re:Richest 1% will own more than all the rest by 2016 by fsloth on Monday January 18, 2016 @12:29AM (#10922687)
Inequality happens automatically if there is no control. I.e. someone will have way more than others, and not because they created value and are just capturing portions of it. Exceptional value generating individuals are not the norm, they are the exception.

Most money is acquired through luck, inheritance, network effects, rents, and interests on investments.

Re:Richest 1% will own more than all the rest by 2016 by soared on Monday January 18, 2016 @08:50PM (#10928397)
>Most money is acquired through luck, inheritance, network effects, rents, and interests on investments.

That is an absurdly huge claim to make without a source.

Re:Richest 1% will own more than all the rest by 2016 by fsloth on Tuesday January 19, 2016 @02:09AM (#10929239)
This was my interpretation of this graph:

http://money.visualcapitalist.com/all-of-the-worlds-money-an...

This was recently in HN if I recall so I did not source it in my comment.

We can debate what is the value of owning derivatives but I think we can agree it's not anything like the direct value created by actors?

Re:Richest 1% will own more than all the rest by 2016 by soared on Tuesday January 19, 2016 @10:32AM (#10931358)
Incredibly interesting chart which I hadn't seen, thanks. I don't know if I wholeheartedly agree, but I very clearly see your point.
Re:Richest 1% will own more than all the rest by 2016 by ekianjo on Monday January 18, 2016 @12:43AM (#10922733)
> Most money is acquired through luck, inheritance, network effects, rents, and interests on investments.

Inheritance -> heavily taxed about everywhere.

rents -> you need capital in the first place to secure rents, so it means that somebody has produced some work in the first place to get it.

Interests on investment exist to allow your money to be useful to other people trying new things and building their businesses. So it's a positive enabler.

Not sure what you were trying to demonstrate.

Re:Richest 1% will own more than all the rest by 2016 by fsloth on Monday January 18, 2016 @01:50AM (#10922961)
Rebuking the notion that all wealth is earned through directly creating value.

For instance, the biggest reason top actors in hollywood succeed in capturing so much value is because starting in the late 1970's CAA ([1]) moved leverage in negotiations towards actors, not because they are so much better actors. If talent had less leverage, they would create as much value if they were paid less, but studios and their owners would capture the value.

Economy is a wealth creation platform but it does not come with an automatic "fair scoring" system.

[1] https://en.m.wikipedia.org/wiki/Michael_Ovitz