this post was submitted on 04 Oct 2023
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The increase itself doesn't matter where it starts, 10% each year over 13 years will always be an increase of ~245%.
It also matters a lot to look at the relative change no matter the absolute amount, since it indicates a trend. Even if the chance for something terrible is 1 in a billion, a steady 10% increase every year should worry everyone, since there is a clear trend (and compounding increases get big faster than you'd expect).