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With inflation and economic growth, won't the wealth held by the top 1% always be a new "record"? Even if wealth distribution doesn't change?

• Supermancho 3y ago
  Yes. The "record" part, is beside the point. * Most people are unaware of the scale of disproportionality at all. * The average income of Americans has not scaled at the same rate. * What kind of (purchasing) power that is at odds with any sort of social reform. There is an implication that US capitalism has bred what economic models always do. A caste system. You can't expect the content of an article to be summarized completely in a short title, or this response. I have not summarized the article either, just some casual implications. There's an expectation that you read about the article to understand the context, but I can understand not wanting to read a CNBC article.
  • refurb 3y ago
    > Yes. The "record" part, is beside the point. If it's besides the point why make it the headline? > Most people are unaware of the scale of disproportionality at all The biggest issue is that the top 1% is not a static group! People move into it and out of it all the time - the churn is quite high. There was an analysis of US tax payers and most people will only enter the top 1% for one year out of their entire life.