Dividing Up Wealth

(1) Exacerbated wealth inequality is a natural byproduct of a prolonged economic expansion. (2) Inevitably in a capitalist system, financial risk-takers benefit more than others in flush times, lose more in lean times. (3) A new Fed report on household net worth highlights these facts of capitalist life. (4) One takeaway: The wealthy’s wealth is more cyclical than other folks’ owing to bigger corporate equity stakes. (5) Another: Our rising economic tide of recent decades has lifted all boats, not just the yachts. (6) Should retired public-sector employees be counted among the wealthy?