My interest in how wealth is distributed has grown over the years from non-existent to almost obsessive (check out the SocialTrade stack dedicated to Wealth Distribution). It’s particularly on my mind these days for two related reasons: (1) the staggering surge of wealth, particularly since the financial crisis; (2) the proximity of that wealth to me personally, since I am surrounded by Silicon Valley zillionaires.
I used to be very naive about money. In my teens, I thought it was a fairly accurate representation of one’s abilities and intellect……….a scoreboard of the meritocracy. Suffice it to say I don’t think like this anymore. In some societies, it is little more than a measuring stick of dumb luck or criminal abilities, whereas in others it is, at best, a very crude approximation of the value one has created in their lifetime. (more…)



