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

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Emer McLysaght: That time my friend phoned me from George Clooney’s loo, and other stories

Nadine O’Regan: Mr Potato Head bows to change to make everyone feel welcome

Susan O’Keeffe: Public wants clarity, not false promises, from government

Paul Johnston: Britain’s priorities for UN Security Council align with Irish interests too