So you are explaining why the rich get less than what I calculated because GDP is overestimated while the way I calculated income of median people is solid.
Thanks for helping to make my argument.
The whole point is people are obsessed by the rich having ridiculous wealth on paper because of owning companies, but them owning companies does not take anything away from society. The factories produce goods for people and who receive the goods is determined by who buys the goods which is determined mainly by income, not wealth.
Or let me put it in different words: Let’s say you and I have the same wage across our lives. I save third of my paycheck for my entire life to build up savings. I only buy what I need. You spend yours on luxuries every month. After 40 years, is it unfair I have a lot of money and you don’t, since you spent it all? Should I be taxed more then you? We calculated what the income of the rich is above. The reason they have so much wealth is because instead of spending it on luxuries, they not only save it, but invest it. Investing does not give them sports car or better lifestyle. It helps produce more goods for the people that spend their money. It helps everyone become richer by increasing the overall economic output.
And yes, they get a share of this increased output as calculated above for helping make it by investing instead of spending their money on lavish parties, exotic trips or whatever you would spend that kind of money on.