Thoughtful Money with Adam Taggart The Wealth Gap Is Accelerating Out-Of-Control | Lacy Hunt, Judy Shelton, Darius Dale & others
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Aug 21, 2025 Mike Preston and John Lodra, leading partners at New Harbor Financial, dive into the alarming wealth gap, spotlighting how the top 1% continues to amass riches while the bottom 90% struggles. They discuss the myriad societal implications of this disparity and the potential for a breaking point. Housing market dynamics are analyzed, revealing the challenges younger generations face in homeownership. Listeners gain insights into defensive investment strategies and the importance of taking control of personal finances during uncertain times.
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Wealth Concentration Is Running Away
- The top 1% have been concentrating wealth rapidly since 2000, dwarfing gains by the top 10% and bottom 90%.
- Adam Taggart warns this trajectory risks creating an "eye-shaped" economy with most left behind.
Monetary Policy Fueled The Wealth Shift
- Mike Preston shows Fed policies since the 1980s have driven a long-term wealth transfer toward capital owners.
- He argues repeated monetary stimulus systematically benefits the top 1% at the expense of labor.
Stimulus Cycles Amplify Top Wealth
- Fed stimulus spikes tend to raise asset prices, which boosts top-tier net worth repeatedly after each recession.
- Charles Hugh Smith's analysis shows the top 1% increased their net dollars roughly fivefold since 2001.
