Comment Homeless teen Intel semifinalist (Score 0) 464
Let's turn your question around.
What meritous work do the 1% do to deserve the rapidly increasing and disproportionate chunk of the wealth that they get?
If we started from scratch with ten couples, each with 1,000 sqaure miles of land, wealth inequality would start immediately for the next generation. Assuming (without loss of generality) that inheritence is passed with equal weight to all children born of a given couple, next generation sole children will be twice as wealthy as those children with a sibling, and these will in turn be wealthier than children who number one of three, and so on. The deterioration of wealth is natural. Eventually we arrive at a time when most land owners get so poor in land, that disasters force them to sell off parcels of their land. Thus we eventually get a landless class of worker bees. Disasters such as the plague temporarily reversed this natural trending by creating labor shortages, and thus temporarily increasing the power of the working classes. Today we live in the age Power Laws, and lifetimes far exceed the time for major paradigm shifts. The network connectivity to planetary assets by the top percentiles far exceeds the tiers down below, and Moore's-like laws lead to increasingly disproportionate growth. All roads once led to Rome, but everyone still had to walk or ride horses at best. Today technology is in runaway self-criticality. Who will first be able to afford creating improved offspring and buy life extension technology as it takes off in the near future? The race will become more disproportionate. Barring some great Mad Max catastrophe, which I don't buy into (we're more likely to vanish entirely in a modern disaster, say jetting a killer virus across the globe at the speed of airlines, than pull off some Hollywood survival fantasy) it is likely already too late I suspect. The bulk of us have been run off the cliff. We just haven't struck the ground yet. Of course I hope I'm wrong.