2min chapter

Coin Stories with Natalie Brunell cover image

Lyn Alden: Bitcoin's Next Bull Run + 2023 Macro Outlook

Coin Stories with Natalie Brunell

CHAPTER

The Biggest Cause of Wealth Concentration in the United States

Between 2010 to 2020, before the pandemic, what was the greatest source of the fiscal contribution to wealth concentration increasing during that time? So number one was going back to 2008 thing, basically, billing at the banks, not the homeowners. Number two is by running persistent trade deficit in the U.S., due to our global reserve currency. Then we had tax cuts that mostly favored the wealthy. If you were doing pretty well, you got a bigger tax cut. And then 2020, again, if you were making middle class, you got little bit of a bailout.

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