Via policy-driven asset appreciation and the gradual diminishment of the purchasing power of wages, the super-wealthy have received immense gains in wealth and power. Over the past 45 years, the value of earnings has declined $149 trillion to the benefit of unearned gains reaped by the already-wealthy:
This chart shows how wealth inequality has risen from the late 1970s, and how it was rocket-boosted by the Federal Reserve's "wealth effect" policies of quantitative easing (QE):
This chart shows how wealth inequality has risen from the late 1970s, and how it was rocket-boosted by the Federal Reserve's "wealth effect" policies of quantitative easing (QE):
