Inequality of wealth and income has been increasing hugely. Here is one way we might reverse this trend.

Concentration of wealth in a few families has two main causes. The first is vast wealth amassed by people who invested early in new technological enterprises that hit the jackpot: Microsoft, Amazon, Google, Facebook, you name it.

The second reason for concentration of wealth is inheritance by the children of those who hit the jackpot or who have themselves inherited great wealth. It is also easier to become more wealthy when you grew up in a family that was already wealthy, with the advantages that such families often confer on children — a stimulating home environment, education, social status, contacts.

Read more at Newsmax© 2025 Newsmax. All rights reserved.