Re:Modeling a Wealth Tax
by cycomanic on Tuesday August 18, 2020 @04:00PM
(#24203622)
Actually there is significant research that successful people significantly overestimate their skills/contributions even if they rely largely on luck or advantageous starting conditions. There is also significant research that shows that even in a relatively "fair" trading scenario wealth distribution very quickly becomes completely unequal, just based on luck in the first couple of trades [1]
[1] https://www.scientificamerican.com/article/is-inequality-ine...