Which is very interesting, if you think about it: it means that through a little more money now, you will generally have a lot more money later... i.e. money makes it easy to make money
No, it means that if you're poor, you're spending a larger percentage of your income and saving less of it. Poor people have to spend a higher percentage of their money on basic necessities such as rent, food, clothing, transportation, etc.
I think you and redwood are violently in agreement. If you have more money, you can save your money and that money will make you more money. If you have less money, you can't.
I agree with the statement, but I disagree that it's responsible for the income and wealth disparity beween the rich and poor. Yes, money will make you more money, but by definition that increases your income.
Upvoted for "violently in agreement" — I'll have to steal that one
I agree. Incumbents are doing their best to rig the system resulting in further concentration of wealth.
Assuming that your extra money goes straight into a bank account or is invested somehow. If you have to spend it on medical bills, food or shoes for your kids, extra money won't make much difference to your income.