How People Get Rich Now
It&#x27;s a classic PG article. Many true facts in there, lots of good analysis with just a few questionable claims thrown in here and there. At the end, there&#x27;s a massive claim that isn&#x27;t fully stated but implied. &quot;Of course the Gini coefficient is increasing&quot; translated means &quot;income inequality is not a problem&quot;.<p>Firstly, Gini coefficient is based on income, not wealth. That isn&#x27;t stated clearly. Secondly, there&#x27;s absolutely no data on what proportion of income flows to which decile. The conclusion (income inequality isn&#x27;t a problem) is simply based on an assumption that the rise in the Gini coefficient is based entirely on the wealth accumulated by founders, and that this is a good thing.<p>I think this post boils down to &quot;people like me are creating a lot of value, please acknowledge it. Also there are no downsides to this accumulation of wealth&quot;. This would be fine if PG also didn&#x27;t argue that policies like wealth taxes are harmful (<a href="http:&#x2F;&#x2F;www.paulgraham.com&#x2F;wtax.html" rel="nofollow">http:&#x2F;&#x2F;www.paulgraham.com&#x2F;wtax.html</a>). It just seems like a desperate play to keep his wealth intact.