Obama vs. The Credit Card Companies

I've heard that someone once theorize by dividing all the wealth of the world equally and then "starting over" so to speak with a free market, the same people who were "rich" before would end up with the majority of the wealth within just a few years?

Does anyone know who said this?

Gretad08 said:

I've heard that someone once theorize by dividing all the wealth of the world equally and then "starting over" so to speak with a free market, the same people who were "rich" before would end up with the majority of the wealth within just a few years?

Does anyone know who said this?

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I don't know that someone said it, but it's an idea postulated by some economists, supported by some computer modeling. Though, it wouldn't be the exact same people, due to demographics, idle wealth, and chance, imo. And there would actually be a more severe distribution (bigger gap between rich and poor) over time, because of the idle wealth going someplace else.

Bird of Prey said:

"The fruits of productivity gains have been skewed towards the highest earners, and towards companies, whose profits have reached record levels as a share of GDP."

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So... Those people who make more money... Make more money?

Shocking.