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The problem is that taking, rather than making wealth, appears to be growing in relative influence.
This is a relatively recent problem, because the rise of modern capitalism coincided with the rise of modern democracies, making wealth inequality inconsistent with political equality.
Domeij and Klein (2002) show that the generosity of the Swedish pension system actually reduces to zero the private savings among a large fraction of the population, making wealth inequalities twice as high as income inequalities in this country.
More Time Making wealth is a very time consuming affair.
Not only is the typical 401(k) a lousy way for most people to save for retirement, it is also making wealth inequality worse, according to a new study.
Similar(55)
"People say millionaires make wealth.
Workers make wealth; prosperity is productivity.
In rare cases, taste even makes wealth forgivable.
"You've got to make wealth for society while stewarding the environment," he said.
The resultant crisis in the market, sparked by a bursting housing bubble, has made wealth an issue once again.
During the South Sea Bubble of 1720, speculators claiming to be able to make wealth out of debt fleeced British investors and ruined many banks.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com