Is Inequality Inevitable?

Re:Is Inequality Inevitable? by jgalt212 on Wednesday November 06, 2019 @02:20PM (#21466031)

for sure, but you're missing the tax avoidance bit. Without tax avoidance, compound interest does nothing at most reasonable levels of r and t.

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Re:Is Inequality Inevitable? by zeroxfe on Wednesday November 06, 2019 @02:27PM (#21466113)

I don't follow your logic. Compound interest grows capital exponentially, while taxation is linear. So, while tax avoidance helps, it's not necessary.

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Re:Is Inequality Inevitable? by jgalt212 on Wednesday November 06, 2019 @05:04PM (#21467980)

1.10^50 is 10X 1.05^50

taxes do a lot to flatten the distribution.

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