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View Diary: 100 richest people could end extreme poverty in the world right now (141 comments)

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  •  And if it's not true today it will be true soon (5+ / 0-)

    That's the way exponential growth works. Wealthy people expect X% return on their capital every year.

    According to a 2011 Deloitte study, the rate of growth of the wealth of the world's millionaires was more than doubling in a decade (more than 7% return on their wealth = doubles faster than 10 years)

    •  Sadly, (1+ / 0-)
      Recommended by:
      elwior

      they are extracting wealth from us to get their capital growth.  They rest of us can't even get a good interest rate on our savings, if we have them, to grow our own money.

      "During times of universal deceit, telling the truth becomes a revolution­ary act. " George Orwell

      by zaka1 on Sun Jan 20, 2013 at 08:25:10 PM PST

      [ Parent ]

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