Agnostic.com

1 3

LINK Richard Branson: World's wealthiest 'deserve heavy taxes' if they fail to make capitalism more inclusive

Wealth disparity has reached insane levels. Things need to change soon. It's not surprising that AOC has gotten huge popular support.

Virgin Group founder Richard Branson is part of the growing circle of elite business players questioning wealth disparity in the world today.

Billionaires at elite investor and "thought-leader" summits like Milken and Switzerland's Davos — while seemingly gripped by rising populism triggered by inequality and how it will affect their business models — are divided on how to respond to it.

A recent Federal Reserve survey found that 40 percent of Americans couldn't come up with $400 in case of an emergency. And a 2019 report by Oxfam revealed that 26 people now own the same wealth as the poorest half of the world.

jerry99 8 Feb 14
Share

Enjoy being online again!

Welcome to the community of good people who base their values on evidence and appreciate civil discourse - the social network you will enjoy.

Create your free account

1 comment

Feel free to reply to any comment by clicking the "Reply" button.

1

The issue seems more complex than tax rates to me, it is also one of wages, the decline of labor unions, right to work laws (be fired without cause) and others.

MizJ Level 8 Feb 15, 2019
You can include a link to this post in your posts and comments by including the text q:289849
Agnostic does not evaluate or guarantee the accuracy of any content. Read full disclaimer.