{"id":5237,"date":"2018-09-22T18:28:20","date_gmt":"2018-09-22T18:28:20","guid":{"rendered":"https:\/\/www.austinshortfilm.com\/blog\/the-problem-with-growing-wealth-inequality\/"},"modified":"2018-09-22T18:28:20","modified_gmt":"2018-09-22T18:28:20","slug":"the-problem-with-growing-wealth-inequality","status":"publish","type":"post","link":"https:\/\/www.austinshortfilm.com\/tech\/the-problem-with-growing-wealth-inequality\/","title":{"rendered":"The Problem With Growing Wealth Inequality"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"480\" height=\"270\" src=\"\/\/www.youtube.com\/embed\/hrU9IcRuNg4\" frameborder=\"0\" allow=\"autoplay; encrypted-media\" allowfullscreen><\/iframe><\/p>\n<p>#wealthinequality #incomegap #economics<br \/>\nhttp:\/\/cenkuslaw.com<\/p>\n<p>It&#8217;s indisputable that wealth inequality is growing and doing so at an alarming rate. The Occupy Wall Street movement of years past focussed on the inequality between the 99% and the 1%, but the distribution of wealth has become even more uneven than that. The real disparity is between the .1% that hold as much wealth as the bottom 90% of the United States population.<\/p>\n<p>The problem here is that this growing inequality is not sustainable and is a marker of an unhealthy economy. Our economic structure is not a given, and is something that has historically been revisited many times over. I think we&#8217;re far from violent upheaval, but, continued unabated, it may very well end there.<\/p>\n<p>So, it&#8217;s clear that the gap is widening, but why is it happening? Well, one reason is that those that have money have the benefit of compounding interest while those that don&#8217;t are stuck in a spiral of debt paying that interest to those that issue the credit to them.<\/p>\n<p>The other reason is one of political structure. The rules of the economic game we find ourselves in are changed by those that have the power and access to change or directly influence the changing of those rules. Taxation &#8211; the tax structure, the types of income taxed, the loopholes that exist &#8211; is a major component of how the wealthy are able to hold onto their income.<\/p>\n<p>There are many other contributing factors to the growing income inequality in the United States, so watch the video for my opinion, and please share your thoughts!<\/p>\n<p>Take a look at my video on the future of decentralized power structures and how they can help solve issues of inequality:<br \/>\nhttps:\/\/youtu.be\/wUWBllZQwf4<\/p>\n<p>Here&#8217;s another vid you&#8217;ll like about the real metrics of societal progress:<br \/>\nhttps:\/\/youtu.be\/_EhCCmC7At4<br \/>\n_____________________________________________<\/p>\n<p>For a deeper dive into  and other legal issues vital to the success of your deals and your business, visit me at:<br \/>\nhttp:\/\/www.cenkuslaw.com<\/p>\n<p>Just starting up? Check this out for my advice on startup success: http:\/\/www.thestartupshepherd.com.<\/p>\n<p>You can also reach me at:<\/p>\n<p>https:\/\/www.linkedin.com\/in\/brettcenkus<\/p>\n<div class=\"newsmag-video-container\"><a class=\"twitter-timeline\" data-width=\"600\" data-height=\"900\" data-dnt=\"true\" href=\"https:\/\/twitter.com\/bcenkus?ref_src=twsrc%5Etfw\">Tweets by bcenkus<\/a><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/div>\n<p>http:\/\/www.cenkuslaw.com<\/p>\n<div class=\"newsmag-video-container\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"dlcfL0eqfT\"><p><a href=\"http:\/\/www.cenkus.com\/\">Home<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" src=\"http:\/\/www.cenkus.com\/embed\/#?secret=dlcfL0eqfT\" data-secret=\"dlcfL0eqfT\" width=\"600\" height=\"338\" title=\"&#8220;Home&#8221; &#8212; Brett Cenkus\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/div>\n<p>_______________________________________________<\/p>\n<p>About me:<\/p>\n<p>My 20+ years of experience in business finance, business law and entrepreneurship have led me to believe that numbers and logic are awesome tools, but understanding human nature and emotions is the first step to business success. <\/p>\n<p>The Cenkus Law Firm provides services related to mergers &#038; acquisitions, general business issues and startups, including founders\u2019 agreements and fundraising. I also consult with entrepreneurs and have invested my own capital as an angel investor.<\/p>\n<p>From 2010-2013 I served as Chief Legal Counsel of a publicly-traded international oilfield services company. From 2001 to 2006 me and a partner founded and built Paragon Residential Mortgage. Paragon was sold to Bridge Investments in 2006. <\/p>\n<p>I hold a Juris Doctorate from Harvard Law School and a Bachelor of Arts degree in Economics from Messiah College in Grantham, Pennsylvania. <\/p>\n<p>Now, I live in Austin, TX with my wife and two kids. I enjoy reading, running, classic movies, great food and wine and some great American football.<\/p>\n<h3>More info on The Problem With Growing Wealth Inequality<\/h3>\n<div class=\"ss-local-rss\"><div class=\"rss_header\"><h2><a href=\"https:\/\/cn.bing.com\/news\/search\/?q=The+Problem+With+Growing+Wealth+Inequality&amp;qft=sortbydate%3D%221%22&amp;format=rss\" rel=\"nofollow\" class=\"rss_title\">The Problem With Growing Wealth Inequality - BingNews<\/a><br \/><span class=\"rss_description\"> Search results<\/span><\/h2><\/div><ul>\n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=663697390fa448219b37c031c466bc8e&amp;url=https%3A%2F%2Fwww.msn.com%2Fen-us%2Fmoney%2Fnews%2Fglobal-inequality-has-skyrocketed-since-the-pandemic%2Far-AA1o903N&amp;c=11061545082737050716&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tGlobal Inequality Has Skyrocketed Since the Pandemic\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>The billionaire once Warren Buffet famously said, \u201cThere\u2019s class warfare, all right, but it\u2019s my class, the rich class, that\u2019s making war, and we\u2019re winning.\u201d New analysis released by Oxfam this week ...<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=663697390fa448219b37c031c466bc8e&amp;url=https%3A%2F%2Fwww.investmentnews.com%2Fdiversity-equity-inclusion%2Fopinion%2Fbridging-the-wealth-gap-the-power-of-financial-education-253000&amp;c=11192178512062083266&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tBridging the wealth gap: The power of financial education\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>We can all agree that most people could benefit from more financial knowledge and resources. However, for certain populations in the United States there are growing gaps in access to wealth building ...<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=663697390fa448219b37c031c466bc8e&amp;url=https%3A%2F%2Fwww.uatrav.com%2Fopinion%2Farticle_d3a205be-075a-11ef-b675-e31a334522ae.html&amp;c=17057251839398284744&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tThe discrimination of racial economic inequality\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>Systematic institutionalized racism has led to significant racial and economic inequalities that negatively impact individuals\u2019 access to wealth and homeownership.<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=663697390fa448219b37c031c466bc8e&amp;url=https%3A%2F%2Fwww.nwitimes.com%2Fnews%2Flocal%2Fnobel-winner-joseph-stiglitz-address-inequality-at-notre-dame-said-what-he-saw-growing-up%2Farticle_017bdbe8-071c-11ef-bce0-0f27964e5be9.html&amp;c=2518105294752086103&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tNobel winner Joseph Stiglitz address inequality at Notre Dame, said what he saw growing up in Gary inspired him to try to solve the world's problems\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>Nobel Prize-winning economist Joseph Stiglitz told a crowd at Notre Dame University that what he saw growing up in Gary inspired him to try to solve inequality, which he said ...<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=663697390fa448219b37c031c466bc8e&amp;url=https%3A%2F%2Fwww.msn.com%2Fen-gb%2Fmoney%2Fother%2Ftwo-sides-of-the-same-coin%2Far-AA1nYmOV&amp;c=9783554209198283897&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tTwo Sides of the Same Coin\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>When the pay dished out to corporate shareholders has risen 14 times faster than workers' wages, it's hard to ignore that the explosion of inequality is driven directly by this obscene hoarding of ...<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=663697390fa448219b37c031c466bc8e&amp;url=https%3A%2F%2Fwww.moneycontrol.com%2Fnews%2Fopinion%2Fhow-to-deal-with-rising-inequality-without-appearing-anti-wealthy-12673341.html&amp;c=14137202555923262822&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tHow to deal with rising inequality without appearing anti-wealthy\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>growing income and wealth inequality caps the growth of private consumption and in turn the growth of private capex and GDP. If unaddressed it can lead to social unrest and political instability.<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=663697390fa448219b37c031c466bc8e&amp;url=https%3A%2F%2Fwww.abc.net.au%2Flisten%2Fprograms%2Fsaturdayextra%2Fsir-michael-marmot%2F103745670&amp;c=2883223982483517192&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tRising inequality means wealth is health and poor living shorter lives\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>American philosopher Ralph Waldo Emerson once wrote that 'the first wealth is health', but today, the opposite is more like to be true. Health is wealth is a common catchcry of modern life ...<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=663697390fa448219b37c031c466bc8e&amp;url=https%3A%2F%2Fwww.washingtonpost.com%2Fworld%2F2024%2F04%2F19%2Fglobalization-inequality-imf-world-bank-washington-consensus-economy%2F&amp;c=13782518575128177632&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tAs globalization unwinds, the world is still growing more unequal\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>To some in the Global South, institutions like the IMF and World Bank remain part of the problem. A new analysis by Oxfam found that \u201cincome inequality ... dollars in wealth over the past ...<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=663697390fa448219b37c031c466bc8e&amp;url=https%3A%2F%2Ffinancialpost.com%2Ffinancial-times%2Fwealth-gap-could-spur-conflict-among-millennials&amp;c=762185499666775773&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tForget boomers vs millennials, the next conflict is millennials against each other\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>One can hardly blame parents for helping their offspring, or children for accepting assistance, but the growing role of such transfers in determining millennial wealth trajectories is likely to have ...<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=663697390fa448219b37c031c466bc8e&amp;url=https%3A%2F%2Fdavidsuzuki.org%2Fstory%2Figniting-the-great-global-transformation%2F&amp;c=6733144127645522962&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tIgniting the great global transformation\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>Looking at all that\u2019s going on in the world, from increasing climate disruption to growing wealth inequality, along with severe global conflict, much of it over \u201cresources,\u201d it\u2019s plain to see we\u2019re on ...<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=663697390fa448219b37c031c466bc8e&amp;url=https%3A%2F%2Fwww.news18.com%2Fopinion%2Fopinion-why-its-imperative-to-address-the-enigma-of-indias-wealth-inequality-8856765.html&amp;c=9882447620775444254&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tOpinion | Why It\u2019s Imperative to Address the Enigma of India\u2019s Wealth Inequality\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>In a diverse and democratic India, every citizen has an equal opportunity. A major global economic policy debate revolves around the pressing concern of wealth inequality in India. According to a ...<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=663697390fa448219b37c031c466bc8e&amp;url=https%3A%2F%2Fsambadenglish.com%2Finequality-mind-the-gap%2F&amp;c=794441491729779774&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tInequality: Mind the gap\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>But today people amass wealth by unfair means, pro-rich policies of the government and manipulation of the market. Studies have shown that growing levels ... says the main problem is that money talks, ...<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            <\/ul> <\/div>\n","protected":false},"excerpt":{"rendered":"<p>#wealthinequality #incomegap #economics http:\/\/cenkuslaw.com It&#8217;s indisputable that wealth inequality is growing and doing so at an alarming rate. The Occupy Wall Street movement of years past focussed on the inequality between the 99% and the 1%, but the distribution of wealth has become even more uneven than that. The real disparity is between the .1% [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5238,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[9],"tags":[1020,2338,1891,2337],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/www.austinshortfilm.com\/wp-content\/uploads\/2018\/09\/hrU9IcRuNg4.jpg","_links":{"self":[{"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/posts\/5237"}],"collection":[{"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/comments?post=5237"}],"version-history":[{"count":0,"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/posts\/5237\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/media\/5238"}],"wp:attachment":[{"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/media?parent=5237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/categories?post=5237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/tags?post=5237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}