Yeah debt sped up that gap massively, particularly given the types of debt that each economic class used



Using debt to buy productive assets was an insanely capital efficient way of the rich accumulating more assets

While the other end we're using pay day loans or credit
MORE0.5%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
LiquidationKingvip
· 08-15 14:16
Poor people can't laugh, huh?
View OriginalReply0
Web3ProductManagervip
· 08-15 14:14
quick sanity check: we're seeing a 10x delta in wealth accumulation velocity due to capital allocation strategies tbh
Reply0
governance_ghostvip
· 08-15 14:13
Humans are the knife and I am the fish meat.
View OriginalReply0
OfflineNewbievip
· 08-15 14:06
Borrowed money to trade stocks and got Tied Up, feeling numb.
View OriginalReply0
0xSleepDeprivedvip
· 08-15 14:06
The poor become poorer, the rich become richer, who understands?
View OriginalReply0
BearMarketBardvip
· 08-15 13:52
The rich get richer and the poor get poorer, all because of the interest, this traitor.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)