> Sure, but if the 1%er have gains above average growth, they taking it from the rest. A simple fact, that has a lot to do with interest Tt doesn't make them bad people. It ist just a mathematical fact.
So by your logic if the 1% of runners run faster than the average person, they are taking running speed from the rest?
I would suggest to rather see it this way: If they are making above average gains they are probably better at investing their capital than the average person, but also helped by the increased bargaining power of the amount of capital that they have.
> The US have a big problem with wealth distribution (the biggest in the western world). The US has a higher GDP per capita then Switzerland, Germany, Austria, Netherland, Sweden, etc. Do you really believe the US has a higher avarage living standard?
The USA has a much lower GDP per capita than most of those countries you have mentioned.
> I would suggest to rather see it this way: If they are making above average gains they are probably better at investing their capital than the average person, but also helped by the increased bargaining power of the amount of capital that they have.
Again you ignoring mathematics. The interest function is an exponential function. It transfers money from borrowers to lenders - it's a law. It has nothing to do with wiser investment decisions. If don't have savings you can't invest.
> The USA has a much lower GDP per capita than most of those countries you have mentioned.
I am sorry, that is not right. All countries that I mentioned have lower GDP per capita that the US. http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_... There are only 3 countries in Europe who have a higher GDP per capita: Lichtenstein, Luxenbourg and Norway. The economic power of the US is immense, but the allocation should be optimized.
So by your logic if the 1% of runners run faster than the average person, they are taking running speed from the rest?
I would suggest to rather see it this way: If they are making above average gains they are probably better at investing their capital than the average person, but also helped by the increased bargaining power of the amount of capital that they have.
> The US have a big problem with wealth distribution (the biggest in the western world). The US has a higher GDP per capita then Switzerland, Germany, Austria, Netherland, Sweden, etc. Do you really believe the US has a higher avarage living standard?
The USA has a much lower GDP per capita than most of those countries you have mentioned.