3 ms·
in the first year of covid-19 in the USA, millions of small business people on Main Street had serious impacts or simply closed, worse for common employees. Ye
by mistrial9 3y ago
in the first year of covid-19 in the USA, millions of small business people on Main Street had serious impacts or simply closed, worse for common employees.
Yet in that same year, the net worth of the top 5 wealthiest individuals in the USA (carefully watched on Bloomberg terminal and elsewhere) increased a LOT. Famously Elon Musk in particular.
How does "compound interest" explain that?