Facebook CEO Mark Zuckerberg said he ‘understands’ where Bernie Sanders is coming from, when the presidential candidate says billionaires shouldn’t exist.
You forget the impact of compound interest. If you invested 1 dollar at 1% interest, you would have a billion dollars in just over 2000 years. So these comparisons based on income are not useful.
You forget the impact of compound interest. If you invested 1 dollar at 1% interest, you would have a billion dollars in just over 2000 years. So these comparisons based on income are not useful.
If you invested money at 1% interest, you would lose money due to inflation.
Real interest, after inflation.