by Jeff Nielson, Bullion Bulls Canada:

For the past three decades; we have been subjected to the mythology that when the Rich get richer “it’s good for the economy”. This mythology has been debunked in several of my own previous commentaries, most notably The Pareto Threshold.

In that piece; it was explained that wealth-inequality was not merely “harmful” to economies, but rather when it becomes too extreme it literally destroys economies. This is all just simple arithmetic/economics. Proof of this principle requires nothing more than simply visualizing an inverted “wealth pyramid” – where a small number of people at the top hold all the wealth, and the masses hold nothing.

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