Re:Richest 1% on target to own two-thirds of all wealth by 2030
by eeZah7Ux on Saturday April 07, 2018 @03:48PM
(#16782488)
> it really doesn't matter what the top 1% are doing so long as the bottom half are seeing improved living conditions.
No. When inequality increases more people are necessarily below the average while a tiny minority gets way above average. The total wealth on the planet is divided among people. This is a basic economic fact.
As inequality increases people are rewarded more for "climbing the ladder". Competition and selfishness increase and cooperation and solidarity decreases.
> I think it's a natural human inclination to fixate
No. When inequality increases more people are necessarily below the average while a tiny minority gets way above average. The total wealth on the planet is divided among people. This is a basic economic fact.
As inequality increases people are rewarded more for "climbing the ladder". Competition and selfishness increase and cooperation and solidarity decreases.
> I think it's a natural human inclination to fixate
This is the "human nature fallacy".