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The Good Path to Greater Income Inequality Rodney Johnson | April 18, 2019 I want the difference between median pay and a top earner to get bigger. A lot bigger. It’s not that I want average workers to earn less… I’m just hoping that a top earner can make more. And I’ve got a specific top earner in mind. It’s not Michael Corbat, CEO of Citigroup, who was recently roasted by a congressional committee because he earns 486 times the average worker at his firm. Or even Jeff Bezos, who just had to part with 25% of his $160 billion wealth in a speedy divorce. I’m talking about me. I’m not a top earner, but I’ve got high hopes to be one, and history is on my side. A recent opinion piece in The Wall Street Journal reported the results of a 2015 income tax study by sociologists at Cornell and Washington University in St. Louis. According to the study: About 12% of the U.S. population will rank in the top 1% for at least one year; 39% in the top 5% for at least a year; 56% in the top 10%; and 73% in the top 20%. At the same time only about 0.6% of people will stay in the top 1% for 10 consecutive years. The Journal also noted that the Tax Foundation found half of Americans who earned more than $1 million in any year between 1999 and 2007 did so only once. Just 6% did so all nine years. Apparently staying at the top is harder than getting there, but you still have to climb into the top earning slots before you worry about falling out. READ MORE » Exciting new research from Rodney Johnson It contains details on three "blue-chip" pot stocks of the future – and how you can get into them right now for pennies on the dollar. Believe it or not – one of them is actually trading for under $1! In a nutshell, this is your chance to own three of the leaders in the legalized cannabis sector, that are SO strong, they could be around fifty years from today… Yet you can buy them now while they're still virtually unknown! And if you get in while they're still this cheap – a modest stake in each could turn into $297,999. Trending Stories... The 70-Year Globe Buster is Almost Over Conspiracy theorists are out in force, proclaiming the Notre Dame Cathedral fire an intentional act against the Catholic faith just days before Easter. Paris officials denounced the idea, pointing to the more likely cause being an unfortunate accident during the $6.8 million renovation project that was under way in the landmark. I don't believe the... We'll Pay the Retirement Bill for Many I find myself thinking more about retirement. I don't want to trade my daily routine for the cruise ship, but I'm developing a laser focus on generating more income that I can put away for later use… which explains my latest business foray into the golf cart rental business. The venture is turning a profit... Taxes, Government Waste, and a Better Way This is an expensive week for me. Our wedding anniversary is the 14th, Tax Day is the 15th, and my youngest child's birthday falls on the 16th. Only two of those days make me happy. This year I'm getting a bit of a refund, but I'll never see it. Because my income varies, it's hard... Real Estate Is Flashing Warnings Did you know that the major leading indicator of the great 2008/9 financial crisis was real estate? In fact, real estate has played a significant role in the majority of economic and financial crisis of the last three centuries. The real estate bubble peaked in early 2006… way before the stock market bubble peaked in... Dalio, Trump, and Capitalism Hedge fund manager Ray Dalio entered the mainstream recently when he granted an interview to CBS's 60 Minutes. Before that, he and his shop, Bridgewater, were only common names among financial people who both revered their ability to make money and were a bit skeptical of the way the shop operates. Among other things, Dalio... Economy & Markets  |  Dent Research You are receiving this e-mail as a part of your free subscription to Economy & Markets E-Letter. Remove your email from this list: Unsubscribe. To cancel by mail or for any other subscription issues, write us at: Charles Street Research Attn: Member Services, 819 North Charles Street, Baltimore MD, 21201 | Phone: 888-211-2215 | Fax: 410-223-2682 LEGAL NOTICE: Protected by copyright laws of the United States and international treaties. 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