Wealth inequality is the new normal

[AVGWarhawk]

Originally Posted by TarJak

His point around the late 20th century redistribution of wealth is looking like an aberration rather than an ongoing trend is probably right. Though future history may prove him wrong.

I think that the only "new" thing in terms of wealth and income is the ability of an employee (read senior executives), to rise into the top 1%.

Previous eras only company owners tended to hold those roles so even there I don't think much has changed.

The only changes I see are cost of inflation and taxes. Services we pay for today that was not paid for 20 years ago. Phone was a minimal $9.00. TV was free. Internet did not exist. We wrote letters and paid .03 cent to mail it.