Never mind the 1 percent Let's talk about the 0.01 percent (2017)
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Never mind the 1 percent Let's talk about the 0.01 percent (2017)
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Re: Never mind the 1 percent Let's talk about the 0.01 percent (2017)
#2Is anyone else getting bored with this kind of “analysis”? Yes—people in the 99.9th percentile are significantly more than people in the 99th percentile.
“Never mind the 0.01 percent. Let’s talk about the 0.0001%!” would be even more crazy, considering the exponential distribution of wealth.
Re: Never mind the 1 percent Let's talk about the 0.01 percent (2017)
#3Is anyone else getting bored with this kind of “analysis”? Yes—people in the 99.9th percentile are significantly more than people in the 99th percentile. “Never mind the 0.01 percent. Let’s talk about the 0.0001%!” would be even more crazy, considering the exponential distribution of wealth.
"...considering the exponential distribution of wealth."
_That_ is the point
Re: Never mind the 1 percent Let's talk about the 0.01 percent (2017)
#4Every time you talk about the top 1% or even the top 0.01%, you eliminate an opportunity to talk about how you can really help the bottom 50%.
By constantly painting things as hopeless and unfair, all you do is stimulate rage.
Re: Never mind the 1 percent Let's talk about the 0.01 percent (2017)
#5Is anyone else getting bored with this kind of “analysis”? Yes—people in the 99.9th percentile are significantly more than people in the 99th percentile. “Never mind the 0.01 percent. Let’s talk about the 0.0001%!” would be even more crazy, considering the exponential distribution of wealth.
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Re: Never mind the 1 percent Let's talk about the 0.01 percent (2017)
#6My issue with all of these discussions is that they invariably present ideas that are just too complicated, and our tax code is just too complicated as it is.
Create a system that can be applied evenly, and fairly, from the top to the bottom and then I think you’ve got a great and novel idea.
Re: Never mind the 1 percent Let's talk about the 0.01 percent (2017)
#7Is anyone else getting bored with this kind of “analysis”? Yes—people in the 99.9th percentile are significantly more than people in the 99th percentile. “Never mind the 0.01 percent. Let’s talk about the 0.0001%!” would be even more crazy, considering the exponential distribution of wealth.
"...considering the exponential distribution of wealth." _That_ is the point
What is the point exactly? No policy is going to change the fact that the natural equilibrium for such systems is a Pareto distribution, AKA it follows a power law. We can definitely hope to change the constants of the distribution, but to fundamentally change such a distribution would really be a fool's errand.
Re: Never mind the 1 percent Let's talk about the 0.01 percent (2017)
#8If you provide a service people want/need, you are going to end up with more money.. It's not rocket science. This is how the capitalist cogs turn.
Re: Never mind the 1 percent Let's talk about the 0.01 percent (2017)
#9Wasn’t that always the case. Nobody cares about the guy earning 250k/y.
It’s the handful of people who control 90% of all wealth. “1%” was a catchy soundbite but it was always the 0.0001%
Re: Never mind the 1 percent Let's talk about the 0.01 percent (2017)
#10Earlier quoted context omitted.
"...considering the exponential distribution of wealth." _That_ is the point
What is the point exactly? No policy is going to change the fact that the natural equilibrium for such systems is a Pareto distribution, AKA it follows a power law. We can definitely hope to change the constants of the distribution, but to fundamentally change such a distribution would really be a fool's errand.
Is there any theoretical reasoning for expecting a Pareto distribution to result? Would a distribution closer to normal not be equally valid?