http://www.latimes.com/business/hiltzik/la-fi-hiltzik-ft-gra...
On growing income inequality and the transfer of wealth to the 1%.
You can argue if it's right or wrong but it's a bit of whopper to say it doesn't happen.
As a teaser, one important thing is to not share information (i.e. Don't blog about financial "hacks"). Call it a corrupt moral compass or whatever you like, but the fact is this behavior is rampant.
That something so important is decided at an early level of one's life that has wide reaching implications is quite frankly a disgrace.
Only the most endeavours break the cycle and they are too few and far between that are not really encouraged on most levels of society around the world due to the norms.
the vast majority of financial tricks require scale (of capital) - e.g. itemized deductions, business expenses, even tax-loss harvesting - but they aren't secret!
Also, I don't think anyone knows the exact causes of this growing inequality - some libertarians, for example, would argue that it's excessive regulation that is causing part of the problem - which isn't capitalism, it's the opposite of capitalism.
But most importantly, note that I specifically talked most strongly against the idea that only the rich get richer. Just as an example, how many of today's billionaires are relatively new to the game? It's not all of them, not by a long shot. And while some minimum level of "being rich" is certainly a factor (in the send that everyone who lives in a 1st-world country is rich), there are lots of people on that list who started with relatively little.