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Rich tax. (feddit.org)

submitted 4 days ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 2 days ago

That's not how exponential growth works. The pay increase would be in the ballpark of 50% per year for that amount of gain in 35 years.

And remember, wealth accumulates in passive investments, so even if you made $7.25/hr for 35 years, you'd have over $1m if you didn't spend any of it and it accumulated at over ~3% per year.

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