This methodology is a joke. A key finding they've highlighted is: "One-third of millionaires set [the level of too much money] at $10m". Surely like 85-95% of millionaires have less than $10m, and it's easy to imagine someone with 10x your money having too much money.
Who are their surveyed millionaires? A random 15 people they found from "Brazil, France, Italy, South Africa, the UK, and the USA".
The general idea of a harmful amount of wealth is interesting, this report doesn't feel very serious.
readthenotes1•1h ago
It is actually very consistent.
Extreme poverty is more of a hard data point that analyzes one a person does not have enough money to sustain themselves without outside help.
Extreme wealth is a survey that confuses the subjective jealousy with the objective label.
It has all the trappings of modern sociology combined with modern socialism.
fallingknife•5h ago
> In a period defined by rapidly growing wealth inequities, there is increasing discussion about whether we should also be asking how much is too much.
One. One person who goes around arrogantly proclaiming how much money they think other people should be allowed to have is too much. Unfortunately we have millions.
soco•3h ago
Funny enough most of those are not and have zero chances to ever be a millionaire, yet they're defending their overlords often with their lives (not a metaphor, just think healthcare)
was8309•2h ago
what if the 'too much' amount is the result of a vote?
h2zizzle•3h ago
I'm all for it. It's clear that inequality warps socioeconomic structures and incentives, from interpersonal relations to the functioning of a democracy. The pushback will be massive, but the work and research that gets us to a given number will be invaluable in understanding the state of the world as we move towards developments that could drive the gulf between the haves and have-nots to astronomical levels (AI and commercial space development).
petesergeant•5h ago
Who are their surveyed millionaires? A random 15 people they found from "Brazil, France, Italy, South Africa, the UK, and the USA".
The general idea of a harmful amount of wealth is interesting, this report doesn't feel very serious.
readthenotes1•1h ago
Extreme poverty is more of a hard data point that analyzes one a person does not have enough money to sustain themselves without outside help.
Extreme wealth is a survey that confuses the subjective jealousy with the objective label.
It has all the trappings of modern sociology combined with modern socialism.