Comments on: where are all the rich people http://imprompt.us/2005/where-are-all-the-rich-people/ Computer Science and Teaching and Other Ancillary Things Tue, 23 Aug 2011 02:39:00 +0000 hourly 1 http://wordpress.org/?v=3.1.4 By: agthorr http://imprompt.us/2005/where-are-all-the-rich-people/comment-page-1/#comment-16697 agthorr Sat, 03 Oct 2009 04:42:23 +0000 http://imprompt.us/2005/where-are-all-the-rich-people/#comment-16697 <p>Exponential growth in descendants is indeed a pretty powerful force.</p><p>If we assumed zero population growth, then the scheme doesn't scale. If *everyone* put away $1000 with the intent of growing a fortune for future generations, then that creates enormous inflationary pressure. The inflation would out pace the growth due to interest.</p> Exponential growth in descendants is indeed a pretty powerful force.

If we assumed zero population growth, then the scheme doesn't scale. If *everyone* put away $1000 with the intent of growing a fortune for future generations, then that creates enormous inflationary pressure. The inflation would out pace the growth due to interest.

]]> By: zudini http://imprompt.us/2005/where-are-all-the-rich-people/comment-page-1/#comment-132 zudini Tue, 30 Nov 1999 00:00:00 +0000 http://imprompt.us/2005/where-are-all-the-rich-people/#comment-132 <p>Perhaps you know more millionaires than you think.</p> Perhaps you know more millionaires than you think.

]]> By: agthorr http://imprompt.us/2005/where-are-all-the-rich-people/comment-page-1/#comment-133 agthorr Tue, 30 Nov 1999 00:00:00 +0000 http://imprompt.us/2005/where-are-all-the-rich-people/#comment-133 <p>Exponential growth in descendants is indeed a pretty powerful force.</p><p>If we assumed zero population growth, then the scheme doesn't scale. If *everyone* put away $1000 with the intent of growing a fortune for future generations, then that creates enormous inflationary pressure. The inflation would out pace the growth due to interest.</p> Exponential growth in descendants is indeed a pretty powerful force.

If we assumed zero population growth, then the scheme doesn’t scale. If *everyone* put away $1000 with the intent of growing a fortune for future generations, then that creates enormous inflationary pressure. The inflation would out pace the growth due to interest.

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