How much of the money made by the Harry Potter Franchise went to JK rowling vs her publishers? Supposedly she got a 15% royalty rate, which is considered "High"
That should be revealing on it's own.
- Market prices: ~15% annualized increase over the last two years
- House prices: 5-7% annualized increase
- Gold: 10-12% annualized increase
- Compared to GDP growth of only 2.1-2.7% annualized
If GDP growth is only 2.7% while the wealth of the top who own assets is up 15% annualized, where is the 12.3% coming from? It's coming the bottom.
We live in an economy that has wealth redistribution. It's being distributed from the majority to a small minority.
In other words, yes the pie is growing, but the slice of a the top 10% of the pie is growing much faster.
>There are limited amount of real assets available at any given time
This is correct.
>and wealth inequality means regular people hold less of the assets each year, making them poorer
This is not. New wealth is constantly being created. There isn't a fixed amount of pie on the table.