Originally Posted by
m3113n1a1
Norway is way less concentrated. Plenty of others too. Look up the Gini coefficient. The US is one of the worst.
That doesn’t reflect reality though the 1% in the USA is skewed due to GDP.
The wealth of a company being attached to a single social security number doesn’t change wealth and privilege concentration in a way society can experience.
It’s also hypothetical wealth they can’t sell with destroying the price. Most company’s do good to sell the whole company for 7 years profit. So if Facebook makes 40B a year you can sell the whole company for 280B.
Facebook is advertised as worth 1.7Trillion and it makes 40B, so that is like buying a business for 1.7 million that makes 40k a year.
Like using average instead of median