After the 2008 financial crisis, most people thought that the wealth gap was due to too much inequality. That’s not the case. It’s due to too little. Many of the richest Americans have just gotten richer.
The real point here is that the wealth disparity between richer and poorer households is so great that they don’t even need to think about it. One of the reasons that rich people don’t get richer is because they don’t have enough of a source of income to buy things. And that source of income is often hidden. I mean, how do we know that we are getting richer? We’re not getting rich by hiding it.
The average American living in rich households would be way more likely to do it than a poor one.
If you want to know more about the money-transfer network, check out this fascinating article written by the New York Times.
Rich people are more likely to have a larger cash balance than poor people. And that cash balance means that the money is accessible to them. In other words, they are more likely to be able to spend it.
This is not to say that rich people are not taking advantage of the system, however. In fact, my research shows that wealthy people are doing just fine, in comparison. The problem is that the rich are not always paying attention to what they are doing. In fact, the rich are often oblivious to their own financial position. And if they are, I have a feeling that they are also not paying attention to the poor.
While I don’t have the research to back that up, there seems to be a clear correlation between wealth and wealth equality between the rich and the poor.
So what is the solution? It’s not obvious. There’s no such thing as a free lunch, of course. The whole concept of a free lunch is the idea that the rich and poor have been paying the same amount of taxes for a long time. It’s a myth. There is no such thing as a free lunch. In fact, wealthy people are doing better than poor people.
The problem is that even if it is true that wealth equality leads to poverty equality, it doesn’t mean that the rich get richer. It does mean they receive more government aid and benefits, which helps them. But the reason is that the rich are still the most powerful, and so their government is doing the bidding of the rich. So what’s the solution? Start taxing capital gains. This will give the rich more of their money to spend on the infrastructure and industry that produces prosperity for themselves.
Rich are also more likely to work for their own money. A nation becomes richer if it allows for free trade and if its government is free to create and enforce rules on trade.