Yes, wealth is constantly being created, however let's look at the facts

- Market prices: ~15% annualized increase over the last two years

- House prices: 5-7% annualized increase

- Gold: 10-12% annualized increase

- Compared to GDP growth of only 2.1-2.7% annualized

If GDP growth is only 2.7% while the wealth of the top who own assets is up 15% annualized, where is the 12.3% coming from? It's coming the bottom.

We live in an economy that has wealth redistribution. It's being distributed from the majority to a small minority.

In other words, yes the pie is growing, but the slice of a the top 10% of the pie is growing much faster.

Don't disagree that new wealth is being created, what matters when talking about quality of life and inequality, is who are the beneficiaries of this new wealth? Is it the already wealthy? If so, that's part of the positive feedback loop to drive inequality further. More assets, Yay. Held by fewer and fewer people over time. Boo.

The new wealth is being created BY and FOR the already wealthy. That's literally what capitalism is! New wealth creation is certainly not driven by poor Steve who does not have money to start a new business or market his new IP.

How much of the money made by the Harry Potter Franchise went to JK rowling vs her publishers? Supposedly she got a 15% royalty rate, which is considered "High"

That should be revealing on it's own.