San Diego Housing Market News and Analysis
OT - Bottom 50% of America holds 1% of wealth
User Forum Topic
Submitted by ocrenter on July 20, 2012 - 7:41am
This is a problem since ancient times. Since the start of societies, as time progress, the rich will get richer.
When it comes to wealth, the game Monopoly eerily parallels life. As long as someone does not land on luxury tax or income tax at every single turn, the guy with the most properties eventually force bankruptcy on the rest of the players, essentially, wealth does naturally help generate more wealth. We see this in ancient long enduring places like China and India, where after thousands of years, the top 1% owned essentially EVERYTHING.
We are already starting to walk down this same path. What do we do?
~Financial Market Commentary~
*Investment advisory services and securities offered through Girard Securities, Inc., member SIPC/FINRA.
~Active forum topics~
~SD Home Price Snapshot~