Is this just a result of a strong market since most of their “wealth” is in stocks, driving up the perceived gap and resulting in such shocking sounding stats?
I am not defending inequality but how is stock-based wealth taking away from lower income workers? Is it a taxation issue?
Does the number of billionaires impact the overall cost of living of a whole metro area? If so, how?
I don’t quite understand the comparison. Genuinely asking.
I am not defending inequality but how is stock-based wealth taking away from lower income workers? Is it a taxation issue?
Does the number of billionaires impact the overall cost of living of a whole metro area? If so, how?
I don’t quite understand the comparison. Genuinely asking.