Bitchin Dave's Newsletter - August 18th
Wealth is so out of control these days. The ΓΌ ber wealthy have grown to a point where they have become oligarchs ( actual definition: An oligarch is an extremely rich and powerful person who uses extreme wealth and business ties to control or influence government and society . The word comes from ancient Greek terms meaning "to rule by the few" ) Back in 1990, there were just 66 people in the US who had a billion dollars or more. And the top 1% of the population controlled a little under $5 trillion in total. Today, there are about 3,400 people with a billion or more (that's more than a 50 fold increase, and the curve is something like exponential growth). And the amount of...