OT: But this is not the point that PGS was making in #msg-33757407; rather, his point was that having 5% of the populace owning net assets of $1M+ was “unsustainable.”
Without doing exhaustive research into economic statistics, my gut tells me that yes, you're correct, in any normal, healthy society we would find at least 5% of the populace having that level of proportionate wealth.
And at least 5% would be dumpster diving.
I think that somehow the discussion got sidetracked into home "prices" (that word itself could engender a week's worth of digressions!)
Isn't all this coming out of Obama's misquoted and therefore misunderstood ten-year-old assertion that the Civil Rights Movement of the 60's did not go far enough in the direction of the "redistribution" of our society's wealth?
Market Data 
Markets 
AI
