Vin
Nemo (the happy leftist)How rich people get rich
Laura Cochran@manicbanjo plus old boys club nepotism.
YetAnotherGeekGuy 
@manicbanjo
๐คTBF, pretty sure, Stockbrokers, Lawyers, Politicians, and Sales folks donโt care what class you are when they mercilessly exploit you.
๐คTBF, pretty sure, Stockbrokers, Lawyers, Politicians, and Sales folks donโt care what class you are when they mercilessly exploit you.
WhiskeyTangoFoxtrot ๐๐๐@manicbanjo
Self Attribution Fallacy
https://www.monbiot.com/2011/11/07/the-self-attribution-fallacy/
Robert Wilson, III ๐ด๓ ง๓ ข๓ ณ๓ ฃ๓ ด๓ ฟ๐ช๐ธ๐ธ๐ฎ@manicbanjo Some might say merciless exploitation is the same as hard work, or some form of hazing that leads to the opportunity to exploit people yourself later. Which would make sense, as psychopathy is correlated with wealth.
NomadicNerd (StoleUrSweetroll)@manicbanjo depends on your definition of rich. Im finally getting near the 6 figure ceiling through hard work and a lot of tears and perseverance and sacrifices. Was super close to it last year. Thatโs rich to me.
@NomadicNerd good for you but at six figures you still have more in common with a homeless person than you do with a billionaire, and unless your relationship to capital is that of an owner (small business owners can exploit workers too) then this meme isn't about you.
Do you realize the unfathomable amounts of money people like Elon Musk and Jeff Bezos have? One does not just accumulate a billion dollars by "working hard," they do it by profiting off of other people's work.
Korgie D. ๐ณ๏ธโโง๏ธ๐ณ๏ธโ๐@NomadicNerd @manicbanjo I hit a little over 100k this past year in my late 30s. Child me would've thought this was amazing. But at this point in life, it's still quite difficult for me to do things like buy a house and I cannot afford a fancy car (not that I want one; I hate cars). I could take some vacations I guess, but I'd be working with a budget if I do. You did say depends on your definition-yes, but I definitely don't feel rich, personally. (But I do know many people have it FAR worse.)
iwein@manicbanjo there's also a statistical process that makes money pile up without bad intentions. My guess is that "by being lucky in life" should be way more than malice in the chart.
I know plenty of rich folks that are neither evil, nor born rich.
@iwein oh? Please tell me more about this magical, uh I mean "statistical" process that allows a person to accumulate more money than God without stepping on other people.
@manicbanjo there's a plethora of theoretical research on this, just an example: https://link.springer.com/chapter/10.1007/978-3-642-25789-6_26
the general point is that unfair distribution is extremely likely to emerge by random effects, and the only way to prevent it is to actively counter it with for example taxes.
Simulation of Wealth Distribution
Under what conditions do inequalities within society emerge? To explore this question we modeled the evolution of unequal distributions of wealth and social capital within artificially constructed societies. In order to better understand the causative factors of...
@manicbanjo Sure. There's a plethora of research on the topic, for example https://link.springer.com/chapter/10.1007/978-3-642-25789-6_26
The takeaway from these sims is that inequality emerges even without malice on the part of the unfairly advantaged, and we can only prevent it by actively correcting for it, for example through taxation of the wealthy.
No magic here, just math.
One doesn't need to be evil to get rich, but imo however it is evil to pretend to deserve to be rich (left top pie) and actively try to keep it that way.
Simulation of Wealth Distribution
Under what conditions do inequalities within society emerge? To explore this question we modeled the evolution of unequal distributions of wealth and social capital within artificially constructed societies. In order to better understand the causative factors of...
@iwein "Rich people get rich by accident" is definitely a take I wasn't expecting to see lmao
@manicbanjo it surprised me at first as well, but the research is compelling. At least it's easier to prove than "all wealth is acquired through evil".
I'm not saying evil doesn't work as a strategy, and it's pretty obvious that some rich folks use it. I was merely pointing out the bottom right pie is missing a significant piece.
Stingy humor works better if it's factual I think.
@iwein hmmm actually not surprising at all and not very compelling either when you realize the group that produced the research is owned by a billionaire. But I'm sure that's just an accident lol.
@manicbanjo I recommend either running the simulation or reading the paper. The effect is easy to understand. Since the simulation was also adapted to show that with appropriate taxes this effect can be mitigated, it doesn't take the billionaires off the hook at all. They're the ones lobbying against those taxes remember ;)
MikeDunnAuthor@iwein @manicbanjo who is most likely to get "lucky?" I think its overwhelmingly people who are already affluent, not poor poc. And even when they get lucky, say invent an algorithm or app that happens to become successful, as soon as they hire employees, they are guilty of exploitation, by definition.
James Packard Love@manicbanjo Gumption is very important.