📌 Thoughts
[03.14] Growing inequality is very concerning Wealth inequality is going to the extreme. In the US, the top 1% of wealthiest individuals hold around 32–35% of total wealth. The top 10% hold around 80% of total wealth. The rest of the society is being cornered to the very bottom. You see, salary growth really dwarfed in comparison to asset price growth, e.g. stocks and real estates. For every 3x salary increase, there’s at least 10x increase in asset prices....