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vertexFarm | 7 years ago

Sure, okay. What about inflation? If we have 1% of people with 90% of money and assets, either:

A.) The upper class are extremely rich and the rest are desperately poor, or:

B.) The masses have enough money to live comfortably and the upper class has 9x of that growth because that's how percentages work--thus this world has to have many times more total wealth relative to the world in option B. It works if that is feasible considering that world's industry.

But what about when inequality keeps growing as projected, and the 0.1% have 90% of the wealth? Then the 0.01%? For the rest of the people to have a similar quality of life, the total number of assets in the world would have to grow by 10,000x. Otherwise, some people have to get poorer for a perpetually smaller percentage of people to have 90%.

Wealth isn't strictly a zero-sum game, but at a certain absurd point the math doesn't work. At that threshold, cold hard physics kick in and physics is most certainly a zero-sum game. Physics is as zero-sum as it gets. Nature balances her books mercilessly. If wealth inequality is at reasonable levels and there's a reasonable amount of growth, it's perfectly possible for the middle and lower classes to be prosper while wealthy classes obtain much more money than they. But when the wealthy have an extreme majority of all assets--in order to keep the rest of society at a tolerable standard of living you'd be raising the total assets in the world by like ten thousand times. Obviously that wouldn't work. It assumes totally unrealistic rates of growth, which is a recurring issue for our civilization these days. Wealth does become a zero-sum game under specific conditions. Our civilization isn't a perpetual motion machine.

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