How the Rich Get Richer
economicsfromthetopdown.com
Back in 1983, Gordon Getty — then the richest American — was worth about 75,000 times the net worth of the median American. But by 2019, Jeff Bezos — the new number one — was worth an astonishing 2 million times the American median net worth. This, my friends, is what we call filthy rich.
The median net worth probably went down also.
The rest grow hungry.
Time to eat!
I bet they’re like the Kobe beef of homosapiens.
Because our government allows it that why and they too are getting rich.
Right. Now dig deeper. How do they allow it? Why are they too getting rich?
Answers to those questions will lead you to answering, How can it be different?
I'd like to see these curves adjusted for price inflation, and then also adjusted for both money supply and economic growth.