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>So, what's wrong with this then now? If you think that having wealth should be rewarded more than creating wealth then nothing I guess. Geometrically increas
by crdoconnor 10y ago
>So, what's wrong with this then now?
If you think that having wealth should be rewarded more than creating wealth then nothing I guess.
Geometrically increasing wealth is caused by the "compound interest effect" where wealth begets wealth.
In other words, it's a signal that creating wealth is steadily diminishing in importance while owning it is increasing in importance.
- pflanze 10y agoThanks for your reply. You're giving me some food for thought. To be clear, I'm poor, i.e. I've failed both at wealth creation and ownership so far. I'll think about how (much) wealth creation can 'distort' the geometric formula.