Wealth can grow but only when it is well shared, not corralled into the hands of a few

In 2016 in New York, 50 millionaires wrote to the state’s governor, Andrew Cuomo, asking him to increase their taxes because they thought economic inequalities had grown too high. The group included Abigail Disney, granddaughter of Walt Disney, and Steven Rockefeller, a fourth-generation member of that very wealthy family. The offspring of the rich at least know they did not bring in their riches, let alone create them out of thin air.

In truth, no one creates wealth out of the ether as the mythic phrase “wealth creator” suggests. Most wealth is appropriated from others, not made. Wealth can grow but only when it is well shared, not corralled into the hands of a few. Wealth growth rates are highest in countries that are more equitable than their neighbours.

http://www.bbc.com/capital/story/20170525-opinion-getting-rich-has-more-to-do-with-luck-than-talent

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connie dello buono

Health educator, author and enterpreneur motherhealth@gmail.com or conniedbuono@gmail.com ; cell 408-854-1883 Helping families in the bay area by providing compassionate and live-in caregivers for homebound bay area seniors. Blogs at www.clubalthea.com Currently writing a self help and self cure ebook to help transform others in their journey to wellness, Healing within, transform inside and out. This is a compilation of topics Connie answered at quora.com and posts in this site.

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