The Trap of Compound Interest: Many view compounding as beneficial because interest earned is reinvested to increase profit. However, for those who are in debt, compound interest can increase the burden, leading to even greater losses. This effect disproportionately harms poor people, who often pay higher costs and face greater opportunity costs than the wealthy. While compounding enhances gains for those profiting, it intensifies harm for those losing money. This structure benefits the powerful, as the rules are designed by those in power. As a result, the desire for power can drive people toward questionable actions. - Joseph’s “just my thoughts”
On the highway, I saw a warning saying “Half of the death accidents were not wearing seat belts”. This means, “Even if you wear a seat belt, half die.” “Safety” is emphasized by saying “50% reduction in mortality when wearing seat belts”. In the former, 'probability' was noted, and in the latter, the effect of 'reduction' was emphasized. - Joseph’s “just my thoughts”