Bad News with a silver lining

[Heywood]

Real wealth is stuff.....not 0's on a ledger. The truth is the poor and middle class in America have more stuff or wealth than they ever have had. If you compare a typical present day citizen's life style to Bill Gates versus a typical a typical 19th century citizen's life style to Cornelius Vanderbilt, you would find the life style gap has closed....not gotten wider as the left wants you think.

Since I stumbled across Bill Gates proposed solution for inequality being a consumption tax, I started to do some research to find out a little more about it.

Anyways, I ran across this short gem of a video. It seems Bill Gates would agree with me that we should be looking at inequality of consumption and not inequality of income. Pay special note to what he says about numbers in a book(0s in a ledger). Now I don't know if Gate's position is that the inequality of consumption gap between the rich in poor is widening or if he feels its closing(as I do). I'm only saying that he agrees with me that this is the important inequality to look at and income inequality really doesn't matter.