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FLP's, from a tax-savings perspective, may be one of the most effective vehicles to create a "slow and steady" wealth transfer.
The false deficit narrative serves corporate CEOs, as their Washington lackeys pay for the steady wealth shift upward on the backs of the working class.
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But Morgan Stanley has been trying to navigate the market while also working to transform itself by shedding riskier businesses and building its steadier wealth management arm.
In the second phase, as the economy evolves towards its final steady state, wealth and disposable Gini indexes decrease gradually to a final lower, steady-state levels (see Table 4).
He has expanded the firm's wealth management operations, a steady fee-based business that does not require Morgan to invest much capital.
But there are no natural forces pushing against the steady concentration of wealth.
The kingdom's wealth, steady growth and stability have made it the bulwark of the Middle East.
Ms. Shi's eyes shine as she talks about her steady accumulation of wealth, far outstripping what her mother was able to save in farming.
There's been a steady transfer of wealth away from the United States in a shift most Americans have not yet grasped.
Piketty goes on to point out, however, that only the varying crises of the 20th century – mainly two world wars – prevented the steady growth of wealth by temporarily and artificially levelling out inequality.
"This case is about the widening corruption of elite college admissions through the steady application of wealth, combined with fraud," Mr Lelling said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com