The Problem With Growing Wealth Inequality

#wealthinequality #incomegap #economics It's indisputable that wealth inequality is growing and doing so at an alarming rate. The Occupy Wall Street movement of years past focussed on the inequality between the 99% and the 1%, but the distribution of wealth has become even more uneven than that. The real disparity is between the .1% that hold as much wealth as the bottom 90% of the United States population. The problem here is that this growing inequality is not sustainable and is a marker of an unhealthy economy. Our economic structure is not a given, and is something that has historically been revisited many times over. I think we're far from violent upheaval, but, continued unabated, it may very well end there. So, it's clear that the gap is widening, but why is it happening? Well, one reason is that those that have money have the benefit of compounding interest while those that don't are stuck in a spiral of debt paying that interest to those that issue the credit to them. The other reason is one of political structure. The rules of the economic game we find ourselves in are changed by those that have the power and access to change or directly influence the changing of those rules. Taxation - the tax structure, the types of income taxed, the loopholes that exist - is a major component of how the wealthy are able to hold onto their income. There are many other contributing factors to the growing income inequality in the United States, so watch the video for my opinion, and please share your thoughts! Take a look at Brett's video on the future of decentralized power structures and how they can help solve issues of inequality: https://youtu.be/wUWBllZQwf4 Here's another vid you'll like about the real metrics of societal progress: https://youtu.be/_EhCCmC7At4 _____________________________________________ Have questions? Book a call, and talk to Brett today: https://rebrand.ly/clarity-brettcenkus94 _______________________________________________ You can reach Brett through: https://www.linkedin.com/in/brettcenkus https://twitter.com/BCenkus https://cenkuslaw.com https://braatenwoods.com https://merger-resources.com _______________________________________________ Brett A. Cenkus has 20+ years of experience in business law, finance, and entrepreneurship. Through Cenkus Law, PC, he provides advice and services for mergers & acquisitions (M&A), securities offerings, founders’ agreements, and other general business law issues. Through Braaten Woods, LLC, Brett helps business owners in the lower middle market ($2MM - $25MM) position themselves for sale, find buyers, negotiate, and close M&A deals. Brett also maintains merger-resources.com, a site packed with free articles, videos, checklists, deal diagrams, template contracts, and other tools to help pass M&A knowledge to others. Brett regularly consults with entrepreneurs and invests his own capital as an angel investor. From 2010-2013, Brett served as Chief Legal Counsel of a publicly-traded international oilfield services company. From 2001 to 2006, he and a partner founded and built Paragon Residential Mortgage. Bridge Investments acquired Paragon in 2006. Brett holds a Juris Doctorate from Harvard Law School and a Bachelor of Arts degree in Economics from Messiah College in Grantham, Pennsylvania. Brett lives in Austin with his wife, Cathryn, and two children. He enjoys reading, squash, classic movies, great food and wine, and the New England Patriots.