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- November report "Is it True, as David Hume (1711 – 1776) postulated that, "Nothing is esteemed a more certain sign of the flourishing conditions of any nation than the lowness of interest"?" published. https://bit.ly/2y4LJZQ
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- SRSrocco put together a graph tracking production for the top-four gold producers. You will note a pretty consistent downward trend. If these forecasts hold, we are looking at a 23% drop in output over less than a decade. http://bit.ly/2I5FJVb http://bit.ly/2D3w91e
- Ron Paul: The Federal Reserve Is King of the Price Fixers https://t.co/tCdD6vVgPz @SchiffGold
- Crushing Myths and Building a New Case for Gold: Gold Videocast with Albert K Luhttp://bit.ly/1PWtbdw @SchiffGold
- (1/2) Global stock markets are now nearly as oversold as at the market low in October 1987. Expect a powerful and tradable rally of 20% or so from here. Cover all shorts and go long the most oversold stocks. However, do not expect new highs.
- A healthy monsoon season is showing an uptick in Indian farmers returning to the gold market to buy: https://t.co/KSA87hfWvw
- Mainstream Proclaims Gold Is Back in Vogue https://t.co/6W9QjYnDa6 @SchiffGold
- Chinese Stockpile Gold at Accelerated Pace in November @SchiffGold https://t.co/NoTFGevE7T
- Bitcoin is a bit of a lobster pot — it’s easy to get in, but hard to get out. Gold also offers investors 4,000 years of history as a store of value, and that’s looking quite appealing right now. http://bit.ly/2DrHoEJ
Thursday, May 12, 2016
The rich will get richer because return on investment
Most of leftist will say that, for example if someone has 20% of global wealth in a free economy there is no way he will loose it, nor he will stop being the richest person in the world, him or his sons. Cause he has to spend les % of money than anyone else so he can invest much more. I know this is not true based on empirical evidence, but I have a hard time rebutting this based solely on logic. I know someone can come up with an idea that will make a lot of wealth (google, apple...) but I'm not sure how generation after generation they can reduce this 20% if they invest in a diversified portfolio that give him a return, even if is 1% (with no inflation). Can anyone point me on the right direction? I have a theory although I'm not sure if it's true: The richest person will increase his purchasing power while reducing his net worth because the difficulty of successfully investing so much money (you can make a lot of return if you're poor and open a small company after you see a need for a particular market but this becomes increasingly difficult if you want the same return when you have a lot of money).