Why the super rich are inevitable
pudding.cool · 1,583 words · saved by 1 readers
Why some mathematicians argue the economy is designed to create a few super rich people – unless we stop it.
Why the super rich are inevitable Skip to main content Scroll down A few years ago I bought a vintage watch for $200. Later I found out I overpaid by $50. But I figured I would eventually even out this bad purchase with a good purchase. And over time, I would buy and sell more things… …and my money would all even out. I was wrong. The money doesn't even out. In fact, these uneven trades actually lead to a horrifying end…. Oligarchy – a few rich people, and very little for everyone else. Why the super rich are inevitable by Alvin Chang | January 2023 Why do super rich people exist in a society?
related reading
- Moore's Law for Everythingmoores.samaltman.com
- If you’re so smart, why aren’t you rich? Turns out it’s just chance. | MIT Technology Reviewtechnologyreview.com
- The Hypocrisy of Elites - Erik Torenbergeriktorenberg.substack.com
- How to Get Rich in Americakyla.substack.com
- Superlinear Returnspaulgraham.com
- Capital in the 22nd Centuryphiliptrammell.substack.com
- No-One Escapes the Permanent Underclassborretti.me
- the jackpot age — LessWronglesswrong.com
- The Markets Aren't Alrightbenjaminfspector.com
- Oligarchy is worse than you thinkyoutube.com
- Superlinear Returnspaulgraham.com
- Life Advice: Become a Billionaire | Applied Divinity Studiesapplieddivinitystudies.com