Tom Perkins, legendary Silicon Valley venture capitalist, apparently feels the need to carry the flag for the 1% with an oped in the Wall Street Journal. He reinforced those sentiments in an email to Bloomberg. His former firm condemned the remarks, and about nobody wants him carrying their flag.
That's interesting but it's tangential to the topic here. Unless we have absolute, rigid socialism, as never seen in history, there will be a wealthiest 1%. The question is whether they should control 5% of the wealth, or 20%, or 43% (as they did in the USA in 2012) or 50% (as they do globally now), or 80% as they appear on track to achieve, based on the 30 year trend.
Now I'll get back to tilts imposed by government the contribute to wealth concentration, oh, wait... President Obama is planning to unveil a new "Income Equality" push at his Feb 12 State of the Union address. That should be interesting.
The distribution of wealth in the USA has changed dramatically in the last 30 years. Four hundred individuals now control half of it. Viewing the economic landscape as a tilted playing field, I'm interested in documenting 1000 things that government has done, or failed to do, that contribute to the tilt.
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