this post was submitted on 10 Nov 2023
100 points (100.0% liked)
chapotraphouse
13473 readers
1 users here now
Banned? DM Wmill to appeal.
No anti-nautilism posts. See: Eco-fascism Primer
Vaush posts go in the_dunk_tank
Dunk posts in general go in the_dunk_tank, not here
Don't post low-hanging fruit here after it gets removed from the_dunk_tank
founded 4 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Ratios are probably more appropriate. Let's say we use $100,000 as a reference point. Is a millionaire closer to $100k or to a billion? Subtracting says $100k, and taking ratios also says $100k, because $1M/$100k = 10 < 1000 = $1B/$1M. That's fine, as we agree that excluding people who've just paid off a house isn't the move. Repeating with $100M, subtracting says $100k, but ratios say $1B, as $1B/$100M = 10 < 1000 = $100M/$100k. So ratios align those folks roughly appropriately.
Of course, just using different math can't undo all the problems stemming from using net worth as a class proxy.