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Passive Investing, Inflation and the Bifurcated Economy with Mike Green

Excess Returns

NOTE

Rewarded for Sitting Around

Higher interest rates have led to a situation where capital owners, who were previously taxed with negative rates, are now being rewarded for simply holding onto their assets. This shift is not a commentary on the lack of contribution by capitalists, but rather on the fortunate circumstances that have caused their cash assets to increase from 0% to 5%, purely due to luck rather than individual skill or performance.

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