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by crdoconnor
3469 days ago
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>So, what's wrong with this then now? If you think that having wealth should be rewarded more than creating wealth then nothing I guess. Geometrically increasing wealth is caused by the "compound interest effect" where wealth begets wealth. In other words, it's a signal that creating wealth is steadily diminishing in importance while owning it is increasing in importance. |
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To be clear, I'm poor, i.e. I've failed both at wealth creation and ownership so far. I'll think about how (much) wealth creation can 'distort' the geometric formula.