2 ms·

So, where am I wrong?

• lumost 5y ago
  The above math indicates that one generation with this 5% income boost gains enough wealth to move them up the wealth ladder. If this appreciation goes on for 6 Centuries then it amounts to wealth that makes working entirely optional. It also suggests that looking at wages is a misleading statistic, as wages do not typically make up the majority of money that a wealthy individual would gain in a given year.