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In general, each dollar one has makes it easier to obtain the next dollar. That's what this chart shows - wealth accumulation accelerates as wealth grows. The
by downandout 13y ago
In general, each dollar one has makes it easier to obtain the next dollar. That's what this chart shows - wealth accumulation accelerates as wealth grows. The rich aren't necessarily doing anything wrong to achieve that effect - it's just how a capitalist system works.
If society finds this type of inequality to be objectionable, then it is society's responsibility to implement laws and policies that encourage those holding the money to reinvest it in a way that gives others access to that capital.
- film42 13y agoExactly. When you have more capital, you have more opportunities to invest. I remember a good friend of mine who's quite wealthy was talking to my brother-in-law and I at lunch. My brother-in-law had recently closed on a house he was intending to flip. My friend then said to my brother-in-law, "Next time you see an offer like that come through, call me. I can get you that money within 24 hours." Somewhat stunned at with my friend's offer, I then realized that the more capital you have, the more investments routes you have to your disposal.