Wednesday, January 22, 2014

Laughably, At Davos, The World's Richest Want To Solve The World's Income Inequality

Every year,  in Davos, Switzerland the world's most powerful meet to kick around issues confronting society in what is known as the World Economic Forum (WEF).  Last year, the Wall Street Journal noted that, of the 2500 attendees, 70 were billionaires, and the rest were mere millionaires and other extremely powerful people.

So, it is interesting that one of the reports coming out of the WEF reveals the fact that just 85 billionaires hold as much wealth as does the bottom half of all humans who live on this planet; arguing that income inequality is a growing and damaging problem.  I'd just love to be a fly on the wall and listen to what the world's richest think the solution to that problem is.

References:

85 richest people own as much as bottom half of population, report say: http://www.latimes.com/business/money/la-fi-mo-oxfam-world-economic-forum-income-inequality-20140120,0,7080817.story#axzz2qxEXoTZW

Wall Street Journal: The 70 Billionaires at Davos: http://blogs.wsj.com/wealth/2012/01/25/the-70-billionaires-at-davos/

No comments: