[liquidise]

I'll bite.

> there is this thing called "diminishing returns" that somehow does not apply to being rich

Once you hit a certain amount of money, investments begin to drive your income. Unlike salary which is additive, investments tend to be multiplicative in their wins and losses. So you stand to make (or lose, if you are bad at it) money faster.

> Also, wouldn't "spend" be a more appropriate description than "give away" here?

Semantics. Credit and debits are all i am referring to.

The author is literally arguing that poor places are not getting richer fast enough. Money alone does not make for better living conditions. There are environmental constraints, infrastructure additions, and countless logistical issues. The author provides no solutions that i saw, and instead spends his time ranting about comparison between developed vs developing countries.