Asset Price Appreciation, Wealth Accumulation and Trickle-Down Economics

White American Wealth Hits Record High on Pandemic Stocks Surge
https://www.bloomberg.com/news/articles/2021-01-05/white-american-wealth-hits-record-high-on-pandemic-stocks-surge
 
Frenzied Palm Beach Home Market Has Buyers Bidding Sight Unseen
https://www.bloomberg.com/news/articles/2021-01-05/frenzied-palm-beach-home-market-has-buyers-bidding-sight-unseen

Role of Macro Policy: 

The Fed Is Powerful, Except in Fighting Wealth Inequality
https://www.bloomberg.com/opinion/articles/2020-12-31/the-fed-is-powerful-except-in-fighting-wealth-inequality

Fifty Years of Tax Cuts for Rich Didn’t Trickle Down, Study Says
https://www.bloomberg.com/news/articles/2020-12-16/fifty-years-of-tax-cuts-for-rich-didn-t-trickle-down-study-says
 
Trickle-Down Economics Fails a Sophisticated Statistical Test
https://www.bloomberg.com/news/articles/2020-12-21/trickle-down-economics-fails-a-sophisticated-statistical-test 
 
‘Trickle-down’ tax cuts make the rich richer but are of no value to overall economy, study finds
https://www.washingtonpost.com/business/2020/12/23/tax-cuts-rich-trickle-down/