Comments by "Bill B" (@billB101) on "Why aren't we all getting rich from compound interest?" video.

The more you have the more you compound. The rich can do very well from this. However, as said here, most people can't even afford to save in the UK. Bank rate are below inflation too.
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@LittlePetieWheat Just to elaborate a little more: 1. Politics without Principle: Engaging in politics for selfish gain rather than upholding moral principles. 2. Wealth without Work: Accumulating wealth without effort or by exploiting others. 3. Pleasure without Conscience: Seeking pleasure without regard to the consequences or ethical considerations. 4. Knowledge without Character: Acquiring knowledge without developing a strong moral character to guide its use. 5. Commerce without Morality: Engaging in trade or business without concern for the ethical or social impact of one's actions. 6. Science without Humanity: Advancing science or technology without considering its potential harm to humanity. 7. Worship without Sacrifice: Practising religion or spirituality without embodying the values of selflessness and sacrifice.
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@kevincowan2639 It's kind of an important message when you look at what's happening to the UK. Unless, of course, you're on the other side of the wealth fence.
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This is one of the issues covered here ( and I say this as someone who invests ) if a lot of people are making significant gains from investing ( 10%, 20% or even 5-10x and more as we've been seeing on some tech stocks ) and the overall economy is growing at 1-3%, then those gains can only come from massive wealth redistribution.
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@burgienl The problem being is that you had wealth but it's been taken away so you have nothing to pass on to a future generation. Your family therefore is always going to be in poverty compared to the wealthy who accumulate more and more over time.
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@MCDONALD6969 Depends if you've taken profits. I can imagine you've taken quite a hit on paper over the last few weeks though.
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Saving to survive retirement.
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