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Re: The richest 10% of households now represent 70% of all U.S. wealth

By: Cactus Flower in ALEA | Recommend this post (0)
Sat, 25 May 19 11:58 AM | 64 view(s)
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Msg. 30274 of 54959
(This msg. is a reply to 30270 by clo)

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Gross inequality makes an unhealthy society. Just like the attempt to enforce equality.

My contention. An efficient society is defined by the shape of its wealth curve: the curve ought to reward hard work and accumulated skill, but there's no reason to incentivise an unpleasant sort of greed.




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The above is a reply to the following message:
The richest 10% of households now represent 70% of all U.S. wealth
By: clo
in ALEA
Fri, 24 May 19 11:42 PM
Msg. 30270 of 54959

The richest 10% of households now represent 70% of all U.S. wealth

Published: May 24, 2019 5:13 p.m. ET

Share of top 1% wealthiest increased to nearly 32% in 2018 from 23% in 1989

more:
http://www.marketwatch.com/story/the-richest-10-of-households-now-represent-70-of-all-us-wealth-2019-05-24?siteid=nwhpm


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