Re: The 9.9 Percent Is the New American Aristocracy
Posted: Mon Dec 23, 2019 7:43 am
The return on financial assets has averaged 6.3% since 1983 while returns on real estate have only averaged .6%. Also, it is an inherent flaw of the capitalistic system that inequity will necessarily rise with overall wealth in the system. It has also been suggested that current returns to entrepreneurship are bloated due to monopolies. I can barely remember the last time a big monopoly was busted. In fact, conversely, "too big to fail' has been the de facto policy for at least the last 30 years.
Unlike most of the living entities in mature, capital locked, forest systems, human beings can make their own lightning when the under story becomes too shady. But, I'm still 50/50 on whether times are soon to become more "interesting."
Unlike most of the living entities in mature, capital locked, forest systems, human beings can make their own lightning when the under story becomes too shady. But, I'm still 50/50 on whether times are soon to become more "interesting."