FIH, to your point concerning looking back on growing up in LJ, as I recall, everyone was pretty much at the same level from a financial perspective, including the value of our homes, etc. Most everyone I grew up with went to college, had great careers and did very well in life, as their parents had.
I would have to say that I probably experienced a more diverse degree of socioeconomic exposure through experiences during college, and later in life, rather than during my early years.
Have read Piketty and others with varying pov’s, and it will be interesting to see if anyone (candidates included) can actually execute a plan that will solve the wealth gap issue, since it does seem to be a problem that does currently or will affect a huge portion of the population per this LA Times article:
“Wealth inequality is also an artifact of income inequality; the two trends work together to magnify the former. As the bottom 90% struggle to make ends meet on stagnant incomes, they’re unable to accumulate savings. Today, the top 1% save about 35% of their income, while the bottom 90% of families save about zero.”
“Ten or twenty years from now, all the gains in wealth democratization achieved during the New Deal and the post-war decades could be lost. While the rich would be extremely rich, ordinary families would own next to nothing, with debts almost as high as their assets.”