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A comment on The wealth of the 25 richest families in the world soared 43% in the last year. Parent comment

Re:The wealth of the 25 richest families in the world soared... by simbolit on Friday December 08, 2023 @12:56PM (#38571965)
Situation 1, Year 1: Rich person has 100, the one hundred poor people have 1.

Situation 1, Year 2: Rich person has 150, the one hundred poor people have 1.2

Situation 2, Year 1: Rich person has 100, the one hundred poor people have 1.

Situation 2, Year 2: Rich person has 150, the one hundred poor people have 0.8

Both situations show increasing wealth inequality, but only one shows wealth redistribution up the ladder.

[ Parent | on HN ]
Re:The wealth of the 25 richest families in the world soared... by epidemian on Friday December 08, 2023 @01:24PM (#38572343)
Other dynamics, like inflation and gentrification to name a couple, can make Situation 1 basically the same in practice to Situation 2. It just makes it more difficult to point out because "everyone's money number has gone up, so the system works!"
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Re:The wealth of the 25 richest families in the world soared... by simbolit on Saturday December 09, 2023 @02:48AM (#38579660)
I agree, the difference isn't large. But my parent was asking for the difference, and I think that is the difference.
[ Parent | on HN ]