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- #21
a. in 1967 only one in 25 families earned an income of $100,000 or more in real income, whereas now, one in six do. The percentage of families that have an income of more than $75,000 a year has tripled from 9% to 27%. But it's not just the rich that are getting richer. Virtually every income group has been lifted by the tide of growth in recent decades.
The percentage of families breaking a certain income threshold doesn't tell us about wealth and income differences. It just states overall increase.
What I'm trying to point out is that when one gathers the majority of the wealth of the society, he will not be able to gather anymore. He can only spend it thereafter, more investment is useless. The same holds true between countries. No country can keep making money while not spending. (I believe)
Why keep making money and not spending is beyond me.