the rich don't reliably get richer faster than the poor get richer.
Given same rate of return, the one who puts in the most money gets richer faster, in absolute dollars.
The article says that on top of this, those with more capital get better relative returns too. You don't refute this by just saying it's not so. The increasing wealth disparity we observe would seem to support this idea.
(Mostly thanks to India and even more so China going from dirt poor to poor or middle income. But many other countries like South Korea or Singapore and previously Japan have also caught up. Poland and many, but not all, former Eastern block states have also done quite well.)
Comments
Given same rate of return, the one who puts in the most money gets richer faster, in absolute dollars.
The article says that on top of this, those with more capital get better relative returns too. You don't refute this by just saying it's not so. The increasing wealth disparity we observe would seem to support this idea.
Global inequality has declined in recent decades.
(Mostly thanks to India and even more so China going from dirt poor to poor or middle income. But many other countries like South Korea or Singapore and previously Japan have also caught up. Poland and many, but not all, former Eastern block states have also done quite well.)