Fiat enables this. The Fed prints, assets inflate, the already-wealthy capture the gains. Not a bug — it's the mechanism. Bitcoin doesn't allow that particular trick.

easy solution to that - send that bottom 50% of households back to Africa and Mexico

The "someone owns more than x% of the population combined" is a correct but misleading/useless metric. Around 20% of US population have 0 or negative net worth. Anyone who is debt-free with a few dollars in the bank has more wealth than that 20% combined (0+0+0=0).

Inflation makes asset owners in the upper class become even wealthier without them needing to do anything. Some of the disparity is from the Cantillon effect where the Government gives money to those closest to power (typically very wealthy political donors). The rest of the disparity is caused by e...