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Re:The Misunderstanding About Education That Cost Mark Zucke... by ethbr1 on Friday October 13, 2023 @03:34AM (#37867837)
If you're going to make assertions, you can put numbers and sources behind them.

E.g. "The richest 10% of the global population own 76% of all wealth." https://www.bbc.co.uk/news/business-59565690

Or

Table 4-5: "Wealth shares and minimum wealth of deciles and top percentiles for regions and selected countries, 2021", p.140 https://www.credit-suisse.com/media/assets/corporate/docs/ab...

Re:The Misunderstanding About Education That Cost Mark Zucke... by defendBanana on Friday October 13, 2023 @03:51AM (#37867959)
Is that the right statistics here though? Billionaire classes ability to spend should be compared with governments ability to spend. This is not same as wealth.
Re:The Misunderstanding About Education That Cost Mark Zucke... by robertlagrant on Friday October 13, 2023 @03:52AM (#37867973)
That wealth is mostly an unhelpful value based on number of shares in businesses multiplied by that business's share value today. Those businesses are valuable because they do useful things. We can't release that wealth to pay for things. This is the problem with the word "wealth".
Re:The Misunderstanding About Education That Cost Mark Zucke... by jabradoodle on Friday October 13, 2023 @05:23AM (#37868567)
Well yes you can sell shares, maybe not all of them at once if you have enough. Still not sure what your point is, that doesn't mean wealth is not extremely unevenly distributed.
Re:The Misunderstanding About Education That Cost Mark Zucke... by ethbr1 on Friday October 13, 2023 @07:09AM (#37869258)
Wealth isn't value, it's power.

If you own 3% of Alphabet, you can do things others can't.

Re:The Misunderstanding About Education That Cost Mark Zucke... by robertlagrant on Friday October 13, 2023 @08:39AM (#37869914)
"can do things others can't" isn't the thing we want to stop, though. Wealth isn't bad for those who focus on creating value, just as strength isn't bad for those who are in the gym 6 days a week.
Re:The Misunderstanding About Education That Cost Mark Zucke... by ethbr1 on Friday October 13, 2023 @12:16PM (#37872221)
It's not healthy to a democracy to have power concentrated, because invariably it leads to a less diverse set of opinions on consequential decisions.

Even if (and big if!) we say that wealth/power-alone doesn't make people think differently, you're sampling from a much smaller population.

And I'd need some convincing on "I don't know how much a gallon of milk costs" not changing a person's perspective.