The top 1% is saying it's the 70 year olds who have absorbed all the wealth. Let me drop an inconvenient chart here:<p><a href="https://fred.stlouisfed.org/series/WFRBST01108" rel="nofollow">https://fred.stlouisfed.org/series/WFRBST01108</a><p>Here's another chart - net worth of top 10% excluding the top 1%, basically folks who have millions in assets, but aren't quite rich yet. Even they have lost during the recession.<p><a href="https://fred.stlouisfed.org/series/WFRBSN09161" rel="nofollow">https://fred.stlouisfed.org/series/WFRBSN09161</a>
It will pass down. Gov tax, social charity, bloodline, … the question how to make it better … communist approach never work. Hope those individuals directed more to better clause as many endowment did. Or else …
This is bringing us to the same issue that pre-WW2 European countries had: people inheriting too much money from their parents stunting growth for everyone.