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Warren Buffett's wealth compounds faster than average market returns, a pattern the speaker calls the law of large numbers. This accelerating wealth gap is why the rich should face higher tax rates.
Warren Buffett's wealth compounds faster than average market returns, a pattern the speaker calls the law of large numbers. This accelerating wealth gap is why the rich should face higher tax rates.
Warren Buffett said this, should the rich be taxed more? And my opinion is yes. When you're rich, what you do is you continue to reinvest the money, you continue to compound, and it gets crazier and crazier over time too, right? Because your rates of return are generally better than average as well. So it's just the law of large numbers.
