Yes, the money on the higher end is measured using a log scale: there are people just like me, 10x richer, 100x richer, etc. simply because money helps to create money even with safe hedging.
The scale is the problem of capitalism, there’s not so much we can do about it today. What could be achieved in our lifetime, is the progressive tax scale that although does not stop exponential growth, at least it tries.
And no, fuck Europe. Progressive tax scale in Europe doesn’t flatten the exponential incomes, it affects only regular workers. Which may be good, but it’s not enough
Yes, the money on the higher end is measured using a log scale: there are people just like me, 10x richer, 100x richer, etc. simply because money helps to create money even with safe hedging.
The scale is the problem of capitalism, there’s not so much we can do about it today. What could be achieved in our lifetime, is the progressive tax scale that although does not stop exponential growth, at least it tries.
And no, fuck Europe. Progressive tax scale in Europe doesn’t flatten the exponential incomes, it affects only regular workers. Which may be good, but it’s not enough