How rich people get rich

@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...

SpringerLink

@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...

SpringerLink
@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 ;)