World’s Richest One Percent Capture Twice As Much Income Growth As The Bottom Half

The inaugural World Inequality Report published on Thursday by economists Thomas Piketty, Emmanuel Saez, Gabriel Zucman, Facundo Alvaredo and Lucas Chancel documents the rise in global income and wealth inequality since 1980. The report covers up to 2016, leaving out the last year, in which the stock market has soared on the expectation that the US will enact massive tax[Read More...]