Income and wealth are concentrating around the world at an astounding pace. Not only do the 400 richest Americans have more wealth than the bottom 150 million, but a study by Oxfam reported that the richest 85 people on the globe have as much wealth as the poorest 3.5 billion. And according to Forbes, these super-rich are more likely to live in America than anywhere else. Of the world’s 1,426 billionaires, 442 – roughly a third – reside in the US. How does this game end?
Posted on: Fri, 28 Mar 2014 04:06:04 +0000
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