Occasional reader WayneP sent me links to two articles related to the same reports on income inequality.

The Los Angeles Times has the article Income inequality is not a concern of Wall Street’s money addicts.

The richest 1% of Earth’s citizens own 46% of global wealth. That news comes to us from the annual World Economic Forum in Davos, Switzerland. Even more dramatic is this statistic: The planet’s 85 wealthiest people have wealth equal to that held by the poorest half of all humans.

Restated with all the zeros on display, that is a ratio of 85 to 3,500,000,000.

The second one is The Sun Daily article World’s rich threaten democracy says Oxfam in pre-Davos report.

The World Economic Forum, which organises the Davos talkfest, warned last week that the growing gulf between the rich and the poor represents the biggest global risk in 2014.

Income inequality is not a concern of Wall Street’s money addicts

I address one of the ways to tackle this problem in my previous post Adapting Society To The Age Of Robots .