Hmm, I don’t feel like I have a good intuition for what a 100x wealth increase should look like.
On the one hand, you could imagine a 100x wealth increase that didn’t grow the size of the middle class at all, and just preserved existing proportions, so that 90% of the wealth still remained with the top 10%.
I imagine you mean something like “if the poorest 10% of 1700 had their wealth go up by 100x, then they should still be much better off than the poorest 10% of today are now”. Then an obvious question is, how much has […]
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