Matthew Principle
Also known as: Positive Feedback Loop
Success begets success. It’s easier to get richer if one is also rich.
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Examples
Named for Matthew 25:29: “For to every one who has will more be given, and he will have abundance; but from him who has not, even what he has will be taken away.”
Wealthy parents have more time and resources for their children, and pass on their wealth when they die, thus ensuring their children – and by extension, all their descendants – are also wealthy.
A friend told of a conversation he had with a billionaire, who said, “The first $100 million was only really hard one.”