Delete comment from: Ken Shirriff's blog
It's surprising to us if we focus on the dollar amounts. If we look at it in terms of something akin to "kingships", then this kind of disparity is not unusual during the span of time that we have populated the earth. Take a look at the great empires of the past. All governed by kings and everything in their kingdom was theirs. There were rich underlings also, but only because the king promoted it, i.e. prefects or local rulers. And if they rebelled, well you know what happened. With Greece being the exception, it's only because in the past 400 years or so did we develop the idea of governance by the population which allowed many more people to retain wealth.
Oct 11, 2024, 2:57:32 PM
Posted to Wealth distribution in the United States