It's probably right, but nearly half this country has ZERO net worth. I'm
not sure how the fact that Jeff Bezos is worth more than $100 billion causes those with ZERO net worth to be in their situation.
The increase in wealth concentration we are seeing is coming from people who start companies that grow to be hugely successful and employ millions of people, and make millionaires out of ordinary people. The top 10 of the fortune 400 are all self made. 269 of the Forbes 400 are self made while only 64 are on the list primarily through inherited wealth (another 67 are on the list through the combination of inherited wealth that they grew to a much larger number).
How is the fact that Bill Gates is worth nearly $100 billion (and pledged virtually the entire amount to charity FWIW) "unhealthy". How doe Bill Gates net worth make anyone else's net worth smaller.
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In response to this post by Lazarus)
Posted: 01/29/2019 at 6:23PM