How to Solve Income Inequality


Consider this shocking statistic on income inequality: The eight richest men on earth control as much wealth as half of the global population , or the poorest 3.6 billion people.

While those are global statistics, the problem is mind-numbing in the U.S., too. The top 1 percent of American households earned an average of $1.26 million in 2014; the bottom 90 percent got an average of $33,068. And since 1965, income inequality has worsened: The ratio of CEO pay to worker wages skyrocketed from 20-to-1 to 303-to-1 in 2014.

This increasingly gratuitous income inequality gap is contributing to global poverty, health […]