No. of Recommendations: 1
*For any society in which this much wealth gets concentrated in so few hands,
The openly stated objective of "supply side economics" was to concentrate wealth. Probably decades ago, now, I saw an interview with supply side advocate Jack Kemp. He clearly stated words to the effect "the rich do all the saving and investing, so they should have all the money...blabber...blabber...capital formation'.
Used to be that banks were the capital aggregators. Now, it's the "JCs".
Steve
