RE: Should poor people have kids?
November 29, 2019 at 1:14 pm
(This post was last modified: November 29, 2019 at 1:14 pm by Dmitry1983.)
(November 29, 2019 at 12:08 pm)notimportant1234 Wrote: You still have to prove that wealth inequality and "capital management" are what makes capitalism soo successful.I don't have proof but there is indirect evidence. Regulators are unwilling to redistribute wealth despite strong public pressure.
Quote:And BTW, you sayed that most people will lose all their money, even if they had billions. You didn't say anything about wealth distribution in your first post.Wealth inequality is logical consequence of lack of management skills among general population.
Quote:It doesn't matter who you are, debt is still debt. You still have to return it in a given period of time, with or without interest, you can't say the same about your own wealth.Your claim was that it doesn't matter how financially skilled you are. If you borrow 1 billion dollar at zero interest then you will earn 300 million in 1 year because you are supposedly just as good as Warren Buffet who makes 30% a year on average.
And your return will be the same with or without an interest rate, your chance off succes doesn't change based on that.
Quote:Edit:. Money managers are not the ones that are growing the economy, entrepreneurs are.Nope, Uganda would be richest country in the world if it was true.
https://www.businessinsider.com/top-9-co...internet-9
Capital creates economic growth.