There is a lot of discourse regarding capitalism, or whatever our current system is, being broken - due to the increasing levels of inequality. But maybe this is just a natural function of time and increased life spans. They say “Time in the market beats timing the market”. Well Boomers have had the most time in the market, couple this with increasing life spans and they’ve have had extra time for their wealth to increase and have not passed it on through death.
Connections
Inequality Rises When Capital Valuations Increase Faster Than GDP
Reference
� Age of Invention The Century-Long Depression