As Seen On Forbes: Wealth Inequality Is At Roaring Twenties Levels
One of the topics of conversation during the next Presidential campaign is going to be the inequality of wealth. The gap between the rich and the other classes of people grew the last decade. Many use this to state capitialism is dead. This author makes the case that it is the actions of the Fed and the wealth bubble that was created is too blame.
Many want to implement higher tax rates on the rich as an answer to this inequality issue. The problem with that is it ignores the main premise of what caused the problem
It is not capitalism that created this situation. Instead, we see Central Bank intervention (read meddling) as the cause The financial manipulation these institutions implemented across the world caused the "Bubble of everything".
The problem with the view of many is they believe this is permanent. It is not. Once the asset bubbles start popping, a reversion to the mean will take place. The reason for this is simple: the wealthy benefited from the easy money policies since they are the ones who own the assets that are inflated. When they pop, guess who is stuck holding the bag?
Click on image to read full article.
To listen to the audio version of this article click on the play image.
Brought to you by @tts. If you find it useful please consider upvoting this reply.
About 66.83$ has been spent to promote this content.
Thanks for using @edensgarden!
You got a 25.98% upvote from @brupvoter courtesy of @steemium!
This post has received a 17.05 % upvote from @boomerang.
Income inequality has been steadily rising for the last 30 years! That's what I like to tell people that claim to be pro oil. A few new jobs ain't gonna stop the rich from getting richer. Time to stop the false hope, get out of the brainwash
Posted using Partiko Android
Good points. Extremes often precede the mean. Let's hope for the best. Thank you @finprep.
You got a 30.20% upvote from @joeparys! Thank you for your support of our services. To continue your support, please follow and delegate Steem power to @joeparys for daily steem and steem dollar payouts!