by Charles Hugh Smith
Of Two Minds
After a bout of inflation and “socialism-light”, we could end up with even more extreme inequality when the whole rotten structure collapses.
Imagine owning a Buffett-Bezos fortune of bilious billions, or even 10% of these mega-fortunes, i.e. between $5 billion and $20 billion. Heck, imagine owning 1% of these mega-fortunes, i.e. $500 million to $2 billion.
You’re extremely rich so you can buy the best advice. Your capital is mobile, and so are you. You can live anywhere and shift your capital anywhere.
Your advisors have noted an increase in media chatter on inequality, for example: The Bill for America’s $50 Trillion Gluttony of Inequality Is Overdue, and they’re busy preparing plans to weather the storm and preserve your fortune come what may.