Since the 1980's the US has gone on massive borrowing. When the US borrows, it prints TBills. TBills are what backs the dollar. Very crudely - more TBills = mo

Since the 1980's the US has gone on massive borrowing. When the US borrows, it prints TBills. TBills are what backs the dollar. Very crudely - more TBills = more liquidity. Also, things like 'quantitative easing' have flushed markets full of liquidity, lifting stocks up - relative to all other forms of capital. Or in other words, it shifts value from other places, into the pockets of those who have most of their wealth in equities etc.. This is the tip of the iceberg. 'Very wealthy people' are usually very smart and hard-working, and about 1/2 of them 'made their own fortunes'. That's all well and good - but the system in America hugely favours capital.