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RE: Why Saving Will Make You Broke?

in #steemit7 years ago

Piketty talks about the economic concepts behind this in his fantastic book Capital in the Twenty-First Century. His core premise is that the return on capital and investment will always be greater than the growth rate of the economy at large, so putting money to work for you is always the correct path when you can. This is, unfortunately, also the main driver behind income inequality.

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That is a great point and will have to check that book out. Income inequality comes happens because of these choices, would you agree?

It's more of a structural function of our economy, unfortunately, though he gives several solutions.

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