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”
There is something that does not change even in the changing situation. For example, even if an autonomous vehicle comes out, the transport property of “the machine that moves the space” does not change. In other words, there is a reason for existence that DOES NOT CHANGE as time passes and the situation changes in some work or object. This is called “essence”. Any improvement, development, or attempt to violate this “essence” must fail. Of course, there are times when it succeeds. But that already was not the essence.
- Joseph’s “just my thoughts”
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