Then he advises us that, instead of complaining, we should aim to reach the top 1 percent of wealth holders by majoring in certain subjects in college and then pursuing certain careers.
The top 1 percent of wealth holders have close to one-third of all wealth.
The top 5 percent of wealth holders have very roughly 50 percent of all wealth in this country.
Friedman argues that the demand for money also depends on a number of factors which are likely to influence wealth holders' tastes and preferences for money.
In the Keynesian model, wealth holders attempt to spend their excess money balances on bonds, thereby forcing down interest rates.
In the monetarist case, wealth holders attempt to spend their excess money balances on all types of assets, including physical goods.
The contrast with the bottom decile of wealth holders is even starker.
The money income-less wealth holder is not in the same position as the money income-less street dweller.
In 2010, among the top 1% of global wealth holders, 4,045 are French.
It also encompasses the significant influence of the wealth holders on the political process and the aims of economic policy.