Comments on: Income Inequality – The Untold Story https://lotusgroup.redfernmediadevelopment2023.com/2014/08/29/income-inequality-the-untold-story/ Envision Wealth From A New Perspective. Mon, 08 Sep 2014 22:52:23 +0000 hourly 1 https://wordpress.org/?v=6.7.2 By: Raphael Martorello https://lotusgroup.redfernmediadevelopment2023.com/2014/08/29/income-inequality-the-untold-story/#comment-157 Mon, 08 Sep 2014 22:52:23 +0000 http://lgadvisors.redfernmediadevelopment2023.com/lotus/?p=3387#comment-157 In reply to amit.

Thanks for the comment. I absolutely concur with your thoughts…and am trying to lay the blame where it truly is. The simple answer is to blame “capitalism” but the truth is that this inequality is the direct result of not having enough capitalism…but rather a centralized system that benefits a few connected individuals at the expense of all the others…the furthest away from true capitalism, where decisions are made millions of times locally by all those folks that constitute an un-manipulated “market”.

The government doesn’t have a monopoly on solving problems…we all are responsible locally and should rely more on each other to help solve our problems, versus assuming the Feds will solve it all.

Thanks again for your thoughts!!!

]]> By: amit https://lotusgroup.redfernmediadevelopment2023.com/2014/08/29/income-inequality-the-untold-story/#comment-156 Thu, 04 Sep 2014 02:35:29 +0000 http://lgadvisors.redfernmediadevelopment2023.com/lotus/?p=3387#comment-156 The bottom line of your argument – soundly – does in fact reinforce the reality that portfolio wealth, especially in risk assets has shot up while “cash” wealth to the average (and especially middle to lower classes) main streeter gets hammered…further exacerbated by the fact that those same folks under the “low interest” economy continue to help finance reinvestment, excess risk taking etc to bulge bracket corporates, financial market participants and those that are in the capital economy that bank on paper wealth as a moniker to growth! What about the rest of the folks? The engine of that economy continues to be strapped while, in theory, those that have “tradable” or equity asset-based wealth, with fungible financial assets cushioned to shocks , can continue to support greater earnings….and policy makers can claim success on the back of ever higher stock markets and bumps to GDP!!!!

Talk about fuzzy math! These folks know how to pull the wool over the eyes of the American public.

Next installment – should you choose to tune in…foreign policy, followed by gun control. What the…!

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