Episode 477: Why Complaining That “The Rich Always Get Richer!” Misses the Point

In this episode, we ask:

• What was the comment that caught my attention?
• What is public information?
• What is the real difference?
• How does behavior factor in?
• What is the mindset?
• What is the mood of the overall malaise?
• What sounds more like an explanation?
• What is easier than doing your homework?
• What does that slogan do?
• Is the tax code special?
• How about a case study?
• What about a 162A bonus contract?
• What are the statistics for the top 1% club?
• What is the state of American household wealth?
• What can we do about that?
• Do you have a disability policy?
• Who cares about efficiency, control and safety?
• What are the two stories being told at once?
• How do those stories produce very different households?
• What do we have control over?
• What is out of our control?
• What can be a shock absorber?
• What about a thought experiment?
• What about forced equality?
• What about freedom?
• Is the money locked?
• What is the tax code 162A all about?
• What happens with households?
• What is the status of the American dream?
• Is the unfamiliar also immoral?
• Do the 1% tend to stay in the 1%?
• What beats the starting balance?
• What about default plans?
• What are the action items?