Why Wealth is Concentrated Among the Few

I often hear the argument that the wealth gap is widening, which is used as a criticism of the Bush administration. Well, the poor may control a lower percentage of the world's assets, but their standard of living has never been higher! Amenities such as air conditioning, automobiles, televisions, and telephones were not available to most just a few short decades ago. People have reacted to advances in technology and the availability of cheap goods in different ways, but one thing remains constant: The rich purchase assets, and the poor consume goods.

Wealth will always be concentrated among a small minority of people. There is nothing you can do to stop this and it has nothing to do with our laws or public policy. The reason few people control most of the wealth is that the vast majority of people never learn the skills to create wealth! This even includes many highly paid people who still own very little. It is up to each person individually to decide whether they want to be wealthy and then take steps to accomplish this. There is absolutely nothing government can do to create this situation - government can only destroy wealth.




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