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Would you mind stop telling everyone that they don't understand compounding interest? I've read a lot of comments and your replies and I have noticed a disturb
by catears 6y ago
Would you mind stop telling everyone that they don't understand compounding interest?
I've read a lot of comments and your replies and I have noticed a disturbing amount of normal comments being greyed out while you explain to them that they don't understand compounding, because if they did understand it they would be against any form of wealth tax.
Pretty much everyone who owns stocks or invest money, which quite a lot of people do, understand the effects of compounding interest.
- andrewtbham 6y ago> The other aspect here is that the people with wealth have seen it increase at a fairly linear rate. Do you think this guy understands compounding growth? It would actually help his argument if replaced the word linear with exponential, which is more accurate. Compounding growth is exponential, not linear.
- virtue3 6y agoIf you read what I posted you would understand that I know what compounding growth is instead of making ad-hominem attacks at me without reading anything I posted. I was refering to the linear growth of the the 1% controlling more of the TOTAL wealth of the USA. Which is, yes, most likely a result of compound growth of assets. Which is wealth management 101. Stop assuming I don't (or other people) know something that basic.