Re:World Happiness Report, 2019
by esotericn on Tuesday April 09, 2019 @05:42PM
(#19619246)
Your example would look a bit like this:
The 1% own all of the property in the country, because their purchasing power is so enormous.
One of them earns ten times more than 99 of the others put together.
The 1% turn the screws on the 99% such that $200K actually isn't a high income any more. For example, monopolising land.
Money is just a number. What really matters is the share of resources; there's some sort of Schwarzchild radius beyond which the wealthy turn into black holes.
The 1% own all of the property in the country, because their purchasing power is so enormous.
One of them earns ten times more than 99 of the others put together.
The 1% turn the screws on the 99% such that $200K actually isn't a high income any more. For example, monopolising land.
Money is just a number. What really matters is the share of resources; there's some sort of Schwarzchild radius beyond which the wealthy turn into black holes.