Comments by "Aden Wellsmith" (@adenwellsmith6908) on "Why aren't we all getting rich from compound interest?" video.

So where has the 20% the workers have paid the socialist welfare state for their old age gone? It's all spent. Leaving a debt which is negative wealth. Ask what people could have had if their had been allowed, permitted, to do the right thing and just accumulate wealth through their investments
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@MCDONALD6969 The race to the bottom.
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@mariustoma2194 Inequality is a consequence. The rich get richer if they invest and don't spend. So ask the question, why aren't the workers doing the same? So first question do they earn a surplus they could invest? The answer is yes. Just under 20% of their income is taken and given to someone else in the form of NI. 30% of their tax goes on the state debts. A huge chunk to bankers like Gary. None of that 30% goes on their services. So they have 30% of their income, plus another 8% for work place pensions that could be going into accululating wealth. That is, if socialists like Gary didn't want to asset strip people.
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He's wrong. Things are dire. You think someone comes along and sells you horse manure and you've jumped. He's the saviour.
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Pol pot did the same. Then when that didn't work started killing people. Its already happening in the UK. 10,000 cases of corporate homicide under investigation in Scotland.
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@MCJSA So the UK. Look at the numbers. 30% gross profit margin made by the state. Why not ban the state from making massive profits and instead have the workers invest their own wealth?
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So if you are an actuary. How big are the state's pension debts? Why would Gary state that the only debt is the money owed to bankers like himself.
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Correct question.. So the 20% of income that the workers pay the welfare state. There's a lot of compound interst there. Problem is that because the socialist welfare state has spent all the wealth, it leaves a debt. That debt, hidden off the books by Gary, grows at exponential rates. That's compound interest for you So ask Gary why he hides the debt. Ask Gary why the only debt that matters is the money owed to bankers like himself.
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It won't. The wealth has been looted by the welfare state leaving a debt.
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@GorzillaPoo You've not understood it. 30% is the gross profit margin of the state. What would happen if the the workers invested that 30%, plus another 8% for work place pensions? Would they accumulate wealth? Take Mr Average, back test it, tell us what Mr Average retiring at the end of last year would have. You would be shocked.
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@GorzillaPoo So Mr Average. 39K a year. 30% of his tax is the state's profit margin. Going on debts. 8% is work place pensions That's' 14.82K a year. What does that compound up to if invested?
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