"... the reality is stark.
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"... the reality is stark. According to the 2024 Knight Frank Wealth Report, there are about 225,000 individuals in the U.S. with net assets of $30 million or more, just 0.07% of the population. Far from expanding opportunity, this excessive wealth locks millions out of the chance to innovate and build, weakening growth for all." https://time.com/7325632/universal-basic-income-millionaire/
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"... the reality is stark. According to the 2024 Knight Frank Wealth Report, there are about 225,000 individuals in the U.S. with net assets of $30 million or more, just 0.07% of the population. Far from expanding opportunity, this excessive wealth locks millions out of the chance to innovate and build, weakening growth for all." https://time.com/7325632/universal-basic-income-millionaire/
The math of concentrated, exponential growth is brutal and merciless. More begets more, but only for a tiny few.
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The math of concentrated, exponential growth is brutal and merciless. More begets more, but only for a tiny few.
@codinghorror bonus: it's also incompatible with the physical world
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