The Shocking Cause of U.S. Economic Inequality

Economic freedom and economic equality are always at war with each other. [Shield] AN OXFORD CLUB PUBLICATION [Liberty Through Wealth]( [View in browser]( SPONSORED [Major CEO Blows the Whistle on "The Defining Scam of Our Time"]( "It's not just ruining companies," he says. "It's dividing our country to a breaking point." Alexander Green agrees, saying that the stock market is being "radically altered" by what's going on. [This is something you need to see if you own any stocks.]( EDITOR'S NOTE As Alexander Green notes today, it's important to let your money compound to generate wealth. So I have a question for you: [Do you have $25 to spare?]( If you do... Then you could [lock in monthly income]( today! [Go Here to Discover How]( - Nicole Labra, Senior Managing Editor THE SHORTEST WAY TO A RICH LIFE [The Shocking Cause of U.S. Economic Inequality]( [Alexander Green | Chief Investment Strategist | The Oxford Club]( [Alexander Green]( Economic inequality has become a hot-button political issue in this country. Studies show that an increasing share of the nation's wealth is held by just 10% of the population. Many on the left view this as evidence that our economic system is rigged. Senator Bernie Sanders even denounces today's wealth concentration as "morally obscene." As someone who has spent the last four decades researching and writing about wealth creation in this country, I'm happy to weigh in on this subject. Senator Sanders is right. Our economic system is rigged. Just not in ways that will win him more elections. The unvarnished truth? Some choices are financially rewarding. Others are not conducive to achieving financial freedom. Unfortunately, the right choices flow from three phrases Bernie Sanders will never utter: personal responsibility, individual initiative and deferred gratification. The vast majority of millionaires and multimillionaires in this country did not inherit their wealth. Nor did they win the Powerball lottery, make a platinum-selling record, start a company in their garage or play third base for the Yankees. The truth is far more pedestrian. SPONSORED [Biden to "retire" U.S. dollar?]( [Biden Signing]( A former advisor to the CIA and Pentagon now believes President Biden plans to retire the U.S. dollar we know. And replace it with what he calls "Biden Bucks." It is underway. On March 9, 2022, Biden signed Executive Order 14067, which could pave the way for "Biden Bucks." [Click to see how to save your investment and retirement accounts.]( Most people with a seven-figure net worth (or more) worked, saved, invested and compounded their money over a period of years - and often decades. Some Americans didn't - or couldn't - work. Some didn't - or couldn't - live within their means and save. Some saved but never invested. (And so earned low returns.) Some invested but not wisely. Some invested wisely but couldn't avoid the need - or, more often, the temptation - to spend their money rather than letting it compound. The American economic system is rigged. It favors education, industry, frugality and risk-taking - qualities that have made the United States the richest nation in the world. (More on this in my upcoming column in honor of Independence Day.) In short, the principles of wealth creation are well known. However, they are not taught in most public schools. As a result, most Americans don't understand them - and haven't acted on them. The causes of poverty in this country are also well known. Everything from the economic status of the home you are born into to your IQ to the quality of the schools you attend plays a part. But studies consistently show that you are highly unlikely to live below the poverty line in this country if you... - Don't drop out of high school - Work a job (any job) - And avoid having children before age 25 without being married. Yes, some people are dealt a bad hand. They endure bad health, terrible accidents or tragic circumstances. But polls show that 42% of Americans have total savings of less than $1,000. It's tough to ascribe that to bad luck alone. Clearly, not enough folks are working, saving, investing and compounding their money. The ones who do, however, reap the rewards. And this is especially so today with people living longer. From 1940 to 2019, Americans' life expectancy rose by almost 16 years, while the share of the U.S. population 65 and older increased from 9.8% to 16.7%. The elderly have worked more years than the young and middle-aged. And their money has had longer to compound. Wealth grows with time. I've experienced this myself. As a young man in my 20s, I had a net worth of approximately zero. But after four decades of working, saving, investing and compounding, I'm one of those detestable one-percenters that some are always banging on about. The old have more wealth than the young because the young haven't had nearly as long to work, save and invest. It's a reminder that unequal doesn't necessarily mean unfair. A final important note... Economic freedom and economic equality are always at war with each other. Look around the world and you'll find that the countries where incomes and household net worths are the most equal - places like Cuba, North Korea and Venezuela - are exactly where the citizens are the poorest... and the least free. The single biggest contributor to wealth inequality in this country is not our economic policies. (Although those could certainly be more conducive to wealth creation.) It's that we are living longer. Yet Bernie Sanders finds this "morally obscene." That's partly because he's ignorant. And partly because the truth doesn't give him an opportunity to grandstand... or win him any votes. Good investing, Alex [Leave a Comment]( [2023 IU Israel Jordan Egypt]( WEALTH OPPORTUNITIES - [The AI Stocks Most Likely to Survive the Bubble]( - [5G Megastock Trades Under SECRET Name]( - [Is Fidus Investment's 8.5% Yield Sustainable?]( - [One Potentially Explosive Stock That Alexander Green Just Discovered Has Seen Five-Year 2,000% Revenue Growth, Enjoys 70% Gross Margins and Sports a Debt-Free Balance Sheet, yet Still Trades Under $10. He's Calling It the "Next Great American Super Stock." (Click for Details.)]( [Panic?]( [Click here]( to watch Alex's latest video update. 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