I'm saying the lower 90% have no say in the matter.
Im saying that number was picked somewhat arbitrarily by you and that it does vary.
Lets say that “power” or “say” is wholly dependent on high IQ. If the standard deviation of the IQ distribution is small, the variability in IQ is small and people in the bottom 90% will have relatively more power or “say”. If the wealth distribution determines power, a small standard deviation will do the same. Billionaires will not have so much power relative to the bottom 90% if everybody in the bottom 90 has $100,000,000. Do you see what Im saying. When you eliminate power disparity you eliminate the ability of the top 10% to exploit the bottom 90%. Exploitation is inherently inefficient. Its always better to have 100% of the people working productively than to have 10% living off the slavery of the bottom 90.
But my point is, minimizing power disparity by enforcing economic accountabililty will minimize exploitation. I don’t know if you can get it down to zero exploitation but you can improve it from what we have today.
PostWallHelena 1 points 5 hours ago
Im saying that number was picked somewhat arbitrarily by you and that it does vary.
Lets say that “power” or “say” is wholly dependent on high IQ. If the standard deviation of the IQ distribution is small, the variability in IQ is small and people in the bottom 90% will have relatively more power or “say”. If the wealth distribution determines power, a small standard deviation will do the same. Billionaires will not have so much power relative to the bottom 90% if everybody in the bottom 90 has $100,000,000. Do you see what Im saying. When you eliminate power disparity you eliminate the ability of the top 10% to exploit the bottom 90%. Exploitation is inherently inefficient. Its always better to have 100% of the people working productively than to have 10% living off the slavery of the bottom 90.
But my point is, minimizing power disparity by enforcing economic accountabililty will minimize exploitation. I don’t know if you can get it down to zero exploitation but you can improve it from what we have today.