Democratic Primaries
In reply to the discussion: A question for Bernie supporters (and others may comment as well) [View all]NCProgressive
(1,315 posts)"wealth" (most of which in the form of stocks) moves upwards to a few innovators.
Since the 80's, a lot of new technology came into being - personal computers, internet, internet routing devices, winchester hard drives, Windows, Apple, internet e-commerce companies, then social networks and B2B enterprises, smartphones, tablets etc. which created a LOT of wealth for the innovators who launched those products.
There was never anything nefarious about any of it. Several hundred billion dollars in value was created and it went mostly to all the innovators but also to hundreds of thousands of employees of those companies.
What is rigged about it?
In the past, Edison, Bell, Carnegie, JP Morgan, Ford, Vanderbilt, Stanford, Crocker (to name a few) also innovated and accumulated a lot more wealth as a percentage. The trust-buster Teddy Roosevelt had to keep them honest but many of them also lost a lot of it in the crash of 1929.
primary today, I would vote for: Joe Biden