The Causes of Wealth Inequality (1): Wealth Begets Wealth

People who have wealth have an advantage in gathering the information necessary to increase their wealth; they have networks of other wealth holders who can improve their access to opportunities for wealth acquisition; they have advantages in gaining advanced professional and graduate training that increase their likelihood of assuming high positions in wealth-creating enterprises; and they can afford to include high-risk, high-gain strategies in their investment portfolios. So there is a fairly obvious sense in which wealth begets wealth. Mark Thoma

Obviously, income or wealth inequality isn’t a human rights violation as such, but it does engender some violations. See here.

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