So, like, everyone gets the same return in the market - say 5% S&P500 avg return - and so the total return on more money is more than the return on less money, because math.
1.05x100<1.05x1000
And, of course, we all know those with capital get better returns on everything and access to all opportunities. Hence the rich get richer. But that's life and math. So?
Those numbers don't match the ones in the article. Or the real world. If the bottom half of society was getting the "same return in the market" (for any definition of market) it wouldn't be poorer than it was in 1980.
Comments
So, like, everyone gets the same return in the market - say 5% S&P500 avg return - and so the total return on more money is more than the return on less money, because math.
1.05x100<1.05x1000
And, of course, we all know those with capital get better returns on everything and access to all opportunities. Hence the rich get richer. But that's life and math. So?
Those numbers don't match the ones in the article. Or the real world. If the bottom half of society was getting the "same return in the market" (for any definition of market) it wouldn't be poorer than it was in 1980.