And probably a little more on point.
This is a Fortune article dated Jan 16th 2017, so before Trump is even in office.
World's 8 Richest Men Are as Wealthy as Half the World's Population | Fortune.com
From the article:
Quote:
Just eight individuals, all men, own as much wealth as the poorest half of the world's population, Oxfam said on Monday
...
In 2010, by comparison, it took the combined assets of the 43 richest people to equal the wealth of the poorest 50%, according to the latest calculations.
{insert a video titled - these execs became billionaires after Donald Trump was elected}
|
I know this is in the world, but still who was president and whose tax policies were in place for those 6 years?
Quote:
...
While many workers struggle with stagnating incomes, the wealth of the super-rich has increased by an average of 11% a year since 2009.
...
|
SO what does this magazine article conclude, given that currently we have tax rates more in line with the democratic party ideals rather than the lower tax ideals of the republican party. Well you guessed it, we can't leave it to the rich to spend their wealth, we must enforce it ourselves:
Quote:
Bill Gates, the world's richest man who is a regular at Davos, has seen his fortune rise by 50% or $25 billion since announcing plans to leave Microsoft (MSFT, +0.89%) in 2006, despite his efforts to give much of it away.
While Gates exemplifies how outsized wealth can be recycled to help the poor, Oxfam believes such "big philanthropy" does not address the fundamental problem.
"If billionaires choose to give their money away then that is a good thing. But inequality matters and you cannot have a system where billionaires are systematically paying lower rates of tax than their secretary or cleaner," Lawson said.
|
Because high tax rates mean less disparity right? Oh wait? maybe not...
It's a crazy article, and for the record I think it's crazy that 8 men can have the wealth of half the world, but I find it even more interesting that the 6 of those men that live in the US VEHEMENTLY opposed Donald Trump, and ACTIVELY supported Hillary Clinton.
Given that their wealth went up 11% a year under President Obama, I can certainly understand why they would want Hillary to take his place.