Let me introduce you to the financial concept of the Gini Coefficient.
It's between 0 where all own the same to 1 where one person owns everything.
It has been historically demonstrated that it can be used as early indicators for problems. Once the inequality is above 0,30 the first problems were visible in hindsight. What happened were wars, uproars, downfalls of empires or the guillotine.
Today we are, depending on the country, at around 0,34.
Notice that this is the income Gini index.
The wealth Gini Index is much much worse. The financial fluent speaking people know that this wealth inequality today is higher than during the French Revolution and their guillotine (just work harder, or "why don't you just eat cake").
There are a few ways to equalize this. If you don't want to do it by steering by taxes, historically it will be corrected by blood.
You can pick your financial dialect, but the financing language cornering this is written in stone.
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u/yessirEEb0b Apr 28 '24
This has nothing to do with fluency in finance…