The tricky piece in the US is that it's unclear how long the current system can be sustained. As the wealthy become wealthier, debt loads must increase. Eventually, the debtors must curtail spending or fail to pay off the debt. In aggregate, this creates a financial crisis as debt is not paid back, and the creditor takes the loss.

What's happening today is that central banks are lowering interest rates to prevent the above reckoning from occurring. The wealthy get wealthier, debt loads increase, and interest rates fall. The orthodox economic belief would be that this will either create inflation and or a currency crisis as the economy structures itself around money printing. The surprise has been that inflation hasn't occurred outside of asset prices.

I suspect that this strictly leads to one of two outcomes.

- The economy rolls back all worker gains for the last century, with workers effectively forced to rent all assets and live paycheck to paycheck.

- Asset inflation eventually turns into real inflation via taxation, government spending, worker wage demands or changes in the spending habits of asset holders (Carnegie and Rockefeller eventually spent the majority of their fortunes). In this scenario, wages and prices are likely to catch-up with assets.