People don't like to talk a out that first point. Something like 70% of rich people in America weren't born rich. The fact that they're rich in the first place shows a filter they got through, they're good at getting rich which isn't easy. Of course saying "the rich get richer faster than the poor" after acknowledging this becomes nothing more than selection bias.
That second point, the monetization of non money assets due to debasement of our currency and how that creates a pressure imbalance that moves real wealth from dollar holders to asset holders, I'd say most people discussing this topic don't get. I get it, but before reading this I wouldn't have been able to articulate it so clearly. The mental model you have to have about finance and economics in order to even formulate that understanding is almost too big for one person's head.
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People don't like to talk a out that first point. Something like 70% of rich people in America weren't born rich. The fact that they're rich in the first place shows a filter they got through, they're good at getting rich which isn't easy. Of course saying "the rich get richer faster than the poor" after acknowledging this becomes nothing more than selection bias.
That second point, the monetization of non money assets due to debasement of our currency and how that creates a pressure imbalance that moves real wealth from dollar holders to asset holders, I'd say most people discussing this topic don't get. I get it, but before reading this I wouldn't have been able to articulate it so clearly. The mental model you have to have about finance and economics in order to even formulate that understanding is almost too big for one person's head.