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What you don't seem to understand is that "r" is 0 for a very large portion of the country, and in many cases is even negative. > the poor guy's investment Ex
by pdkl95 10y ago
What you don't seem to understand is that "r" is 0 for a very large portion of the country, and in many cases is even negative.
> the poor guy's investment
Except in rare cases, this doesn't exist.
> Try doing the math
The math is simple. The problem is your data seems to be based more on wishful thinking than actual experience and research.
- yummyfajitas 10y agoMy arithmetic is based only on the definition of hoarding (holding wealth without investing it) and Thomas Picketty's claim - which you just agreed with - that R > r. Why don't you do your own arithmetic to demonstrate my error?
- dllthomas 10y agoWhile I am skeptical that it's the case, you seem to have missed the assertion that r < 0. In that case, the "shrinking" of the wealth gap by 1/(1+r) would be more accurately termed a growing by 1/(1-r).