A third hypothesis would be a Marxist/Picketty one: wealth accumulates through rent collected on capital and then turned back into capital, and capital is initially distributed through inheritance and/or theft. This is clearly not the whole story, but it also clearly captures part of the story that neither “deserving rich” not “war profiteer” do.
A third hypothesis would be a Marxist/Picketty one: wealth accumulates through rent collected on capital and then turned back into capital, and capital is initially distributed through inheritance and/or theft. This is clearly not the whole story, but it also clearly captures part of the story that neither “deserving rich” not “war profiteer” do.
I responded here (here’s the linkpost).