Does QE Cause Wealth Inequality?
How have people not caught onto this yet?When the Fed prints money, its a guaranteed bet that assets go up. The rich use their wealth and huge amounts of leverage via financial instruments to generate massive returns. This has been going on for a long time. Literally all you need to do is throw your whole bank account into call options. Working a 200k-300k a year job is almost a waste of time with how much money they are printing. This is how the wealthy see it, your small paycheck (yes 300k a year is small) is a joke within the context of financial leverage.Just to reiterate, you are better off risking everything in financial markets and sitting at home watching those assets very closely than you are working.