“The Biggest Redistribution Of Wealth From The Middle Class And Poor To The Rich Ever” Explained…
by Tyler Durden
ZeroHedge.com
01/02/2014
While the growth of inequality in America has been heavily discussed here, it was Stan Druckenmiller’s outbursts (and warnings that “from beginning to end – once markets adjust from these subsidized prices – that the wealth effect of QE will have been negative not positive”) that brought it more broadly into the average American’s mind. QE, taxes, income disparity, and entitlements are four major means by which wealth is transferred from the poor and the middle class to the rich. The following simple chart explains it all…
The Rest…HERE
