The Mangler
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- Apr 25, 2011
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Some scholars believe that this period of growth has now run its course, and a return to the pre-war norm is inevitable. Inherited wealth will once again earn higher rates of return than one can make by working. Growth will be too slow for most people to have any hope of moving up, or of their children having a better life. Some would say this world has already arrived - how many people, outside the 1%, have seen their real incomes increase more than 1-2% in the past 10 years?
Hundreds of Millions right?