There are just under three thousand millionaires in the world, and they alone have the combined wealth of the four point six billion poorest people on earth. The top one percent of people have more than the bottom 90 % combined. What do we actually do about this? And what should governments do about it? Thissus: It's hard to conceptualize a number that big.
Wealth inequality has been increasing for decades, and recently, there has been a heightened focus on billionaires as we debate what to do about the concentration of large swaths of wealth in a few hands.
In this episode, Steph and Cal discuss whether or not billionaires should exist, common proposals for dealing with billionaires, and a few policy proposals for how we can start thinking about tackling wealth inequality.
Whether you find yourself saying, "billionaires are evil and don't deserve all that money", "billionaires deserve what they have earned", or "I don't care about billionaires, but I care about a world with more equality of opportunity," this episode is for you.
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