The part of the story that stood out most for me is connected to the theme of the distribution of wealth in the United States.
From the Article - 'The apocalypse tracker hits on a growing divide and sense of resentment between working and middle-class Americans and the very, very rich. In the U.S. alone, the top 1 percent of the population holds 31.9 percent of total wealth, according to the Federal Reserve.'
What should be the right distribution of wealth? -RE
Wealth concentration seems to fluctuate. A hundred years ago (1916) the richest 0.1% held about 25% of U.S. wealth falling to 7% in 1978. If the current figure continues to grow we may see some unrest or a wealth tax.
The part of the story that stood out most for me is connected to the theme of the distribution of wealth in the United States.
From the Article - 'The apocalypse tracker hits on a growing divide and sense of resentment between working and middle-class Americans and the very, very rich. In the U.S. alone, the top 1 percent of the population holds 31.9 percent of total wealth, according to the Federal Reserve.'
What should be the right distribution of wealth? -RE
Wealth concentration seems to fluctuate. A hundred years ago (1916) the richest 0.1% held about 25% of U.S. wealth falling to 7% in 1978. If the current figure continues to grow we may see some unrest or a wealth tax.
SVI - what do you think is the magic # for a wealth tax or regulatory solution to gain momentum?