Distribution of wealth, Poverty, Working class, Wealth, Capital accumulation, Economics

Mind the Gap

On Apr 25, 2020
@paulg shared
@randfish @csallen It's possible that you've shifted left rather than me shifting right. I was more outspoken about those topics in my early essays than I am now. Try going back and reading these: https://t.co/oMGkyfOQ4H https://t.co/KDMsjo2VKw
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A top-ranked professional chess player could play ten thousand games against an ordinary club player without losing once. [10] Like serfs, the middle class made a living largely by creating wealth. A hundred years ago, the rich led a different kind of life from ordinary people. According ...

paulgraham.com
On Apr 25, 2020
@paulg shared
@randfish @csallen It's possible that you've shifted left rather than me shifting right. I was more outspoken about those topics in my early essays than I am now. Try going back and reading these: https://t.co/oMGkyfOQ4H https://t.co/KDMsjo2VKw
Open

Mind the Gap

A top-ranked professional chess player could play ten thousand games against an ordinary club player without losing once. [10] Like serfs, the middle class made a living largely by creating ...

'We are barreling toward a caste system, sequestering kids by income,' says NYU professor Scott Galloway. Here's how he thinks we can fix it.

"It's never been easier to become a billionaire, or harder to become a millionaire," Galloway writes of today's economic landscape.

Better Schools Won’t Fix America

Like many rich Americans, I used to think educational investment could heal the country’s ills—but I was wrong. Fighting inequality must come first.

Middle Class Income By State: Earning More To Stay Average

Learn about what is considered a middle class income by state. Due to inflation, over half the states require one to earn over $100,000 to be middle class.

Dad, Are We Rich?

Do you consider yourself rich?  Do others consider you rich? How Rich is Rich? A lot of us have a “Number” in mind that would provide financial freedom.

Egalitarianism Inequality could be lower than you think

But there is plenty to do to make economies fairer

Why wealth gap has grown despite record-long economic growth

WASHINGTON (AP) — As it enters its 11th year, America's economic expansion is now the longest on record — a streak that has shrunk unemployment, swelled household wealth, revived the ...

Inequality and Risk

Transposing into our original expression, we get: decreasing economic inequality means decreasing the risk people are willing to take. Founders But even if you could somehow redesign ...

fact check Are most Swiss residents rich?

Following reader suggestions, we find out if most people calling Switzerland home can afford diamond rings and fur coats or are just making ends meet.

Revolt against the Rich

Nobel laureates, a new congresswoman and others urge raising taxes on the ultrawealthy to counter surging inequality. 

Bill Gates Thinks Thomas Piketty’s Attack On Inequality Is Right

Billionaire philanthropist Bill Gates essentially concurs with French economist Thomas Piketty's landmark book on income inequality, acco...