Only the top 5% of American households have an annual income over $166,000 (2010 U.S. Census). Less than %1 of Americans hold the majority of the wealth. From 1979 to today, the margin of wealth is becoming increasingly more concentrated to a small group of people. In 2007 a Harvard University study reported: “While aggregate household net wealth grew from $25.9 trillion in 1995 to $50.1 trillion in 2004, nearly 90% of the net gains occurred only among the top quartile of households in the wealth distribution.” The gap between the top 1% and everyone else hasn’t been this bad since the Roaring Twenties (right before The Great Depression).
Perhaps most disconcerting is the fact that the vast majority of Americans don’t realize just how uneven the distribution of wealth really is:
Are they profiting off of your hard work and funneling your retirement into their private bank accounts? Absolutely!
Provisions have been put in place that will take losses from your retirement before they lose their profits! But can you blame them?
There’s an old saying that “a fool and his gold are soon parted”. It has also been said by economists that if you take from the wealthy and redistribute money evenly, it will end up back where it started within 2 years. So don’t be an angry fool – there are enough of those to go around. Learn the tricks of the trade and change the game. The best way to redistribute the wealth is organically, not through government bureaucracies.