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If compound interest is a force to be reckoned with, shouldn’t we expect power law distributions for wealth? 10% owning 84% seems to be the expectation then. T
by QML 8y ago
If compound interest is a force to be reckoned with, shouldn’t we expect power law distributions for wealth?
10% owning 84% seems to be the expectation then. This reminds me of an Atlantic article lamenting the “9.9%” [1].
[1] https://www.theatlantic.com/magazine/archive/2018/06/the-birth-of-a-new-american-aristocracy/559130/ https://www.theatlantic.com/magazine/archive/2018/06/the-bir...