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> the rich are getting richer faster than the rest of us Isn’t that just a restatement if the rather mundane concept of compound interest? If savings account
by matt-attack 5y ago
> the rich are getting richer faster than the rest of us
Isn’t that just a restatement if the rather mundane concept of compound interest?
If savings account A has $100 and account B has $1mil, does it go without saying that account B will grow far faster?
I never understood why compound interest should be seen as a negative. What is the counter proposal?