Re:G7: Rich nations back deal to tax multinationals
by a1369209993 on Saturday June 05, 2021 @03:36PM
(#27407906)
I mean, that clearly doesn't seem reasonable long-term to any mathematically literate layperson, since after ~917 years, the maximum wealth would be less than the median. (10'000x * .99^917 = 99.42%) But I suppose it's not like it'll last that long before corruption sets in anyway.
Re:G7: Rich nations back deal to tax multinationals
by codetrotter on Saturday June 05, 2021 @04:04PM
(#27408074)
I was more thinking like, we stop at 1 or some point before that.
It will then take slightly over 229 years until the multiplier has shrunk from 10,000 to 1,000.
After another 229 years the multiplier will have shrunk another order of magnitude, from 1,000 to 100. And it makes sense mathematically that if it shrinks an order of magnitude in the first 229 years then it will shrink another order of magnitude in the next 229 years.
https://www.wolframalpha.com/input/?i=y+%3D+10000+*+0.99%5Ex...
As a layperson this seems reasonable I think. But I also think there is no "right" or "wrong" in this case, and it will boil down to personal views.