YSK: Extreme wealth inequality is baked in to the system
YSK: Extreme wealth inequality is baked in to the system
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Why the super rich are inevitable
Why some mathematicians argue the economy is designed to create a few super rich people – unless we stop it.
The simple math of the Yard-Sale Model shows that if everybody started out with equal money in a fair economy, the outcome tends toward one person holding all of the money. The cool graphical simulations on this page demonstrate why.