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Inequality a natural phenomenon? - Printable Version

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Inequality a natural phenomenon? - Malone - 24.06.2017 12:04

See this simulation.

Inequality can arise from seemingly innocuous policies — you need to keep an eye on it.

RE: Inequality a natural phenomenon? - Akeron - 29.06.2017 06:38

That just seems like a normal probability distribution. :-\

The nature of randomness is it's much more likely for some lucky individuals to receive from many others than for everyone to receive equally from another.

I say this especially because of the shift over time between which players in the game are the highest and the lowest. Inequality increases over time, but the higher players become lower players, and the lower players become higher players. The exception here is the very highest and very lowest, but that's because those players, by definition, have to get very lucky or very unlucky over time.

RE: Inequality a natural phenomenon? - velazquez - 23.04.2020 21:39

Wealth Inequality is a natural phenomena and it hasn't been eliminated as of yet. In my opinion, there will always be wealth inequality so long as money exists. However, some government policy can exacerbate wealth inequality to dangerous levels. Often, policies lobbied by the rich and corporations create such a distortion as they often pass laws that reduce their need to pay taxes and allow them to smash competitors with government power. Policies that enable stock buybacks, tax credit loopholes, and too many tax cuts on the rich enable the rich to sit on the money and do nothing productive.