Dave McCormick: “1% of the population will have 50% of the wealth. We're not…”

“Well, unfortunately most of America, not asset holders, only have a small fraction hold assets. That concentration is growing dramatically. And so you're quickly approaching where 1% of the population will have 50% of the wealth. We're not there yet, but it's about 31% today. But you see that growing and that's not sustainable. That's not sustainable as a political matter. That is a version of capitalism that I don't think we want.” (24:36–24:43)

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