I haven't read the book, but I did read the book review. It's an interesting point of view. It makes sense that capital is being horded by the top 1%. We live in a savings society in the US. Lets horde all the money we have and wait for that day of catastrophe where we would need to spend it. That day never comes and we pass that wealth to our children who sit on it until they die and pass it on. There was a reason why we had a 50% gift tax and 50% inheritance tax. It forced Americans to spend money. You can't have economic growth if the top spenders are sitting on all their cash. The top 1% are sitting on 6 trillion dollars in liquid cash waiting for the right investment, and prolonging the recession in the process. In a utopian economic system we would work as hard as possible to achieve the greatest economic wealth and spend it all by the time we die. My dad had the right idea - he told me that he rather spend my inheritance on me while he was alive so he could enjoy the happiness it bought to my family and himself. He believes it's up to me to prepare for my future and not to rely on some silly inheritance as a backup plan.
