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> 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
by 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.