If that 1% includes children and a married couple is counted as 2 people, my calculations come to about a,
$15 Million average. (sound right?)
How much does the lowest person in that group have?
Or, if we do not have that figure, how much does the 2nd% have in wealth?
What is the Median.
I'd like to hear how skewed it is even within that 1% category.
I believe it leads to a security risk when a few people have such a large share of the wealth.
And it could get worse, if the right thing gets invented or a person manages to corner several segments.
And some will say, oh they won't work as hard if there reaches a point that they won't earn another dollar and they create a lot of jobs.
But, I'd say 2 things off the top of my head.
First, anybody making quite few million a year will probably want to continue working hard so that they do not lose that job.
And some making that much now don't really work that hard anyway, if they can hire able lieutenants.
Second, If you allow them to keep getting richer because you think they will create more jobs, you might be surprised when they create those jobs in a different country or just buy things in another country.
In other words, it is not good to allow 1 person, or a few people, to have so much direct influence on the future.
With that in mind, why allow someone to make a 10 second decision that could wipe humans off the face of the earth?
If all of the wealth is in just a few hands, who will buy all of the flyswatters? The TVs and the phones? Who will be going out to dinner or to have their nails done?
I believe a wealthy general population is the way to the best economy. A wealthy general population is the way to have the most human happiness. If most live in tents, or many share a small amount of square footage, how happy would that be in comparison.
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