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>>and then applying a few hundred years of compounding interest. Yeah that is unfortunately how money works. Why do you think countries like USA are so rich, t
by kamaal 4y ago
>>and then applying a few hundred years of compounding interest.
Yeah that is unfortunately how money works. Why do you think countries like USA are so rich, they've been making investments for a few centuries now.
Robbers and looter should pay for opportunity costs, this is how it should work.
- concordDance 4y agoPeople can rob and loot. A notion of "country" that conflates things separated by hundreds of years is a polite fiction at best.
- DuskStar 4y agoThe problem with this logic is it means that the largest ever theft was some hunter-gatherer stealing a spear 100,000 years ago. That's worth almost 10^3000 dollars now, you know! At some distance in time, returns on capital are no longer adequately approximated by "x%APR". I think this distance in time is at most around 150 years, and even then only in the USA. In most of the world, it's far less than that.