this post was submitted on 19 May 2025
928 points (97.3% liked)
Bluesky
1538 readers
554 users here now
People skeeting stuff.
Bluesky Social is a microblogging social platform being developed in conjunction with the decentralized AT Protocol. Previously invite-only, the flagship Beta app went public in February 2024. All are welcome!
founded 8 months ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I'm curious to know, if the wealth was redistributed like this, but with no modifications to the underlying system, how long before the existing Pareto-style distribution returns?
It doesn't take a genius to understand that if given a windfall of nearly half a million dollars, most people would instantly fritter it away on useless nonsense like drugs, alcohol, and luxury goods. Just look at the average outcome for lottery winners: nearly one third of them ends up declaring bankruptcy within five years.
This comment has big "The poor can't be trusted with money" vibes.
We need better financial education. On top of better wages
It's not surprising that people who don't have money never have an opportunity to figure out how to handle money properly.