A nice visualization and explanation of some economically relevant math: https://pudding.cool/2022/12/yard-sale/
Why the super rich are inevitable

Why some mathematicians argue the economy is designed to create a few super rich people – unless we stop it.

The Pudding
@siracusa It sounds a bit like people who gamble believing that their winning streaks pay for their losing streaks.
@siracusa now do one for guillotines
@siracusa Nasim Taleb had a section in his book Fooled By Randomness that covered a similar topic. Worth reading
@siracusa nice 👌 but I can say that’s a little flattening of the topic, still worth to share though.
@siracusa Found this to be an excellent concise explanation. Thanks for sharing!
@siracusa Well @jsnell has a lifetime ban on coin flipping so he should be ok, I don’t have really good news for the rest of us.
@siracusa really interesting, but the web dev in me gives a tip of the hat to the scroll animations and charts 🎩
@siracusa @kottke I think the math is important to understand, but the title irritates me. The demonstration includes tools to prevent it! It’s not inevitable, we’re just letting it happen.

@a @siracusa @kottke I think even in the ideal situation with wealth redistribution you end up with someone who is still 100 times more wealthy than the poorest.

So you still end up with an imbalance, but it's somewhat capped not controlling for the other issues about rewriting laws that they bring up.

@siracusa Really creative way of presenting a dry (but fascinating) topic – I'll be thinking about this for weeks I reckon.
@siracusa Interesting, and visually amazing! (I started my collection of vintage watches a long time ago. Still remember how overjoyed I was to purchase that first 1928 gold-filled Bulova for $25.🥳)
@Miragee @siracusa You get a follow holding your focus on the watches while the rest of us salivate over eating the rich. 😂
@siracusa Very interesting, thanks for sharing!!!

@siracusa this ignores the massive amount of influence that the source of the most tax dollars will receive for their larger contribution, which is built-in to the system.

And those that contribute the most tax dollars are more likely to be running businesses that end up with government contracts, putting the money right back in their pocket.

I don’t think there’s a way to “fix” this without introducing even more opportunities to abuse and corrupt the system.

@siracusa what an interesting article that does an excellent job explaining a difficult to intuit topic!!

https://pudding.cool/2022/12/yard-sale
#trickleup

Why the super rich are inevitable

Why some mathematicians argue the economy is designed to create a few super rich people – unless we stop it.

The Pudding
@siracusa Thank you for sharing! The article talks about across-the-board redistribution but I wonder what would happen with an actual progressive tax structure?
@lunarobverse @siracusa The results would be even better, obviously.
Esta visualización está interesante. @RobertoAnguloS