Coin Stories cover image

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

Coin Stories

00:00

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.

Play episode from 01:03:20
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app