Ok, if you disagree with the number 30 as the number of years needed to acquire that wealth, just use yearly income figures.
Assuming 60K is the average.
So, top 10% at 173K means 113K more than the median houshold. 113/10 = 11.3K extra. So, redistributing top 10% would mean 11.3K extra for 60K average. It's something but not life changing. Considering that more than 70% of million dollar lotto winner loses almost everything within a few years, I'd say an additional 11K wouldn't help people a huge amount.
And, you have to remember, this is an excerise for learning how much wealth is distributed per capita in the top. if you actually instituted anything close to these policies, total, average wages would decrease dramatically as the reduced incentive to earn more prevents people from earning more.
I don’t blame you for it, this misleading headline has been widely reported over and over again. (But please consider not repeating this false information anymore.)
The primary study that lead to this conclusion is a study of Florida lottery winners of amounts less than $150K. The actual result of the study showed bankruptcy rates falling initially, and then rising again after several years, as people ran out of their winnings. The rates returning to normal was reported as people losing everything, which is clearly misleading spin.
Assuming 60K is the average. So, top 10% at 173K means 113K more than the median houshold. 113/10 = 11.3K extra. So, redistributing top 10% would mean 11.3K extra for 60K average. It's something but not life changing. Considering that more than 70% of million dollar lotto winner loses almost everything within a few years, I'd say an additional 11K wouldn't help people a huge amount.
And, you have to remember, this is an excerise for learning how much wealth is distributed per capita in the top. if you actually instituted anything close to these policies, total, average wages would decrease dramatically as the reduced incentive to earn more prevents people from earning more.