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SpicyLengthiness
Yea, I'm on the internet.
Why can't I do that forever? Why do I have to come back to being productive?
I dislike the implication that your goal is always to be creating, or to be productive.
And? That thesis has nothing to do with collapse, nor a pyramid scheme. It's just explaining the wealth inequality.
Compound interest is just math.
If we had lots of time, then it's easy. Just buy total market index funds and sit and wait. This is why vampires are usually rich. If you've lived that long, and you're not rich, you're doing something wrong.
$2 at 7% a year for 50 years = $58.91
$2 at 7% a year, for 500 years = $1,505,863.24
The power of compound interest!
I definitely believe these are true, but what is the source of the data?
I'm not saying it's not wrong. I'm just saying this is way blown out of proportion. If you see a naked man while working, why are you hanging around. Just leave.
Same reason why, if someone blackmails you with a pic or vid, just let them release it. They likely won't. But who cares. If my friends and family see a webcam vid of me furiously masturbating, that's probably more damaging to them, than me. I'd just own it.