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The Rise in Income in Equity, or Wealth and Equality, Might Actually Be Connected to the Rise in the Wealth Distribution
The rich are saving more and more of their income, but the money is being used to facilitate borrowing by everyone other than the rich. And so it almost has to be that there's so much more debt if the rich are saving more as they get richer. In a well functioning economy, we would like to think that the money jeff bazos saves into the fina system goes out and finds productive investment opportunities,. It helps to build a bridge, or it helps to build a business. But one of the things that's very striking is that that just is not happening in our society today....