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A comment on Bezos Exerts Control of WaPo Opinion to Focus on Personal Liberties/Free Markets. Parent comment
- 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.
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- 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.