Originally Posted by
OpieTaylor
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
Yeah, all measures of inequality are skewed because wealth is a variable that is bounded on only one end, at zero. It's limited by bankruptcy. The more prosperous any society is the greater will be its delta between rich and poor.