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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: arun gera who wrote (237578)	7/24/2007 3:51:25 AM
From: Maurice Winn	Read Replies (3) \| Respond to of 281500

Arun, that's the theory. In practise, property lasts barely three generations and normally less. It's hard to find property flowing down for hundreds of years with that magical compounding. It's more normally ashes to ashes in two generations. < just by compounding alone, the absolute differences in the assets between the inheritors of the assets of A and B will become extremely large after 200 years > Britain confiscated India, [sort of], moved a bunch of capital there. Traded. Both did well. Then India booted them out and stole the property. But India hasn't compounded the property. That fancy jewel which was presented to Queen Victoria [I think it was her] under duress, hasn't compounded either. It's still just a piece of rock. Compounding needs tender loving care, nurturing and good values of the people doing the nurturing. Mqurice