Credit Inflation, Inequality and Redistributionism
Sridhar-
I agree that the economic gap in the US has been determined by those who participated in the asset market since 1982 (inflationary boom) and those who didnt. However, I am confused as to when the political developments will occur that you correctly rationalize - economic redistributive politics that should be occurring but are not, in fact, taxes are being cut for the highest incomes and for asset gains, federal social programs are being cut and the military complex is moving in two directions - federal employment for the poor is being cut with base closures, yet Northrup Grumman still has huge Pentagon orders that are at least stable YoY. This is not redistributive today or in trend.
Mark