Thursday August 6, 2020

Aidan Regan: A people’s wealth fund would create income equality for everyone

An entrepreneurial state, willing to act as investor on behalf of its citizens, could create a fund the object of which would be to give everyone an inheritance

12th July, 2020
Time is the crucial variable when it comes to understanding cumulative growth and wealth inequality

Compound interest is the eighth wonder of the world. Those who understand it, earn it. Those who don’t, pay it. So said Albert Einstein, apparently. It may well have been a clever advertising quip by Don Draper in the American TV show, Madmen. Compound interest is basic mathematical arithmetic, but it is extraordinarily powerful when it comes to money. It is the basic method of how investors get rich. It is time for the state...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Related Stories

The central role of the public sector in responding to the Covid-19 crisis has restored trust – we should seize the chance to reform government

Shane Mohan | 19 hours ago

The Millionaires for Humanity group want rich people to pay more tax, so why is the movement failing to gain traction?

Susan O'Keeffe | 1 day ago

Private sector firms would never get away with the DEASP’s indefensible data collection practices revealed by law student Roman Shortall on RTE’s Liveline last week

Jeanne Kelly | 4 days ago