I think it’s a BFD! Life has always been this way. There are a bunch of risktakers with cash and they venture out to take risks....most of them end up sweeping the streets, some of them own Wall Street. That is what makes the world go around. Think Edison. Think George M. Cohan. Think Carnegie. Think of any of those famous inventors who cashed in - are they at any fault? Not in my book.
Right, I think throughout history, most of wealth has been controled by less than 1% of ony population...it always was and always will be.
In the US, if they took the entire value of the stock markets, say as much as $12 trillion and spread it around to 300 million people, that would give everyone something like 12K, hardly a princely sum. On the other hand, taking our 18 trillion debt and distributing it across the entire population would equal about 50K per person so by that measure, everyone in the US would be insolvent!