Money

Recently a fast way to shrink the wealth gap was proposed. All private debt including credit card and home mortgage loans to be canceled. Rich people invest their money in real estate, stocks, commodities and hedge funds. People get their loans from banks, mortgage companies, institutions, insurance companies and individual lenders. In other words people are borrowing money from people who have money. If all this debt is canceled then the working people will be debt free and the money lenders will pay the price. This would transfer $13 trillion overnight from the rich to the un rich. The top one percent hold $37 trillion dollars so they can afford it.