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phenshaw's picture
Status: Member (Offline)
Joined: Aug 12 2008
Posts: 1

You leave out the role of compounding, that you so nicely introduced the talk with. That's the whole difference between the savings rate of the productive people and those irrationally multiplying (financial) assets that are 'unearned'. The extreme (hockey stick type) difference is entirely due to the means used. One demographic uses service, the other uses compounding. Please factor that in when blaming the whole God awful mess on the mismanagement of greedy bureaucrats and a financial structure prone to abuse...
check my physics if you want more
best, Phil

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