Douglas_Knight comments on (One reason) why capitalism is much maligned - Less Wrong

1 Post author: multifoliaterose 19 July 2010 03:48AM

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Comment author: Douglas_Knight 20 July 2010 07:25:44PM 1 point [-]

I think that it is largely meaningless to talk about the income of people like Bezos. At least, it is a mistake to identify it with changes to their net worth. By that standard, the great inequality is not between Bezos and the poor, but between Bezos this year and Bezos last year, when he lost billions of dollars!

I can't object much if you do ten year averaging, so this is just quibbling over an order of magnitude.