Income Inequality
Tue, 2015-01-20 18:23
News Staff
by Tom Haughey
Two troubling surveys came out this last week. The first shows that for the first time in as long as anyone can remember there are more businesses dying in the United States than there are new businesses being formed. The second is a worldwide survey conducted by the UK charity Oxfam which indicates that 48% of the world’s wealth is being held by only 1% of the population. It further indicates that the 80 wealthiest individuals own as much as the collective wealth of half the world’s population. No doubt this fact will comprise a portion of the discussion at this week’s annual World Economic Forum at the Swiss ski resort in Davos (which will be ignored by those at the wrong end of the economic spectrum who are struggling just to put food on the table if they own a table).