{"id":15875,"date":"2014-01-21T12:25:00","date_gmt":"2014-01-21T17:25:00","guid":{"rendered":"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=15875"},"modified":"2014-01-21T12:25:44","modified_gmt":"2014-01-21T17:25:44","slug":"income-inequality-is-not-a-concern-of-wall-streets-money-addicts","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2014\/01\/21\/income-inequality-is-not-a-concern-of-wall-streets-money-addicts\/","title":{"rendered":"Income inequality is not a concern of Wall Street&#8217;s money addicts"},"content":{"rendered":"<p>Occasional reader WayneP sent me links to two articles related to the same reports on income inequality.<\/p>\n<p><em>The Los Angeles Times<\/em> has the article <a title=\"Los\" href=\"http:\/\/www.latimes.com\/opinion\/topoftheticket\/la-na-tt-income-inequality-20140120,0,456511.story\" target=\"_blank\"><strong>Income inequality is not a concern of Wall Street&#8217;s money addicts<\/strong><\/a>.<\/p>\n<blockquote><p>The richest 1% of Earth\u2019s 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\u2019s 85 wealthiest people have wealth equal to that held by the poorest half of all humans.<\/p>\n<p>Restated with all the zeros on display, that is a ratio of 85 to 3,500,000,000.<\/p><\/blockquote>\n<pre>\r\n<\/pre>\n<div style=\"text-align: center;\"><a href=\"www.latimes.com\/opinion\/topoftheticket\/la-na-tt-income-inequality-20140120,0,456511.story\"><img decoding=\"async\" alt=\"cartoon illustrating the pig of  wall street\" src=\"http:\/\/www.trbimg.com\/img-52de1e66\/turbine\/la-na-tt-income-inequality-20140120-001\/600\" width=\"95%\" \/><\/a><\/div>\n<pre><\/pre>\n<p>The second one is <em>The Sun Daily<\/em> article <a title=\"The Sun Daily article\" href=\"http:\/\/www.thesundaily.my\/news\/936583\" target=\"_blank\"><strong>World\u2019s rich threaten democracy says Oxfam in pre-Davos report<\/strong><\/a>.<\/p>\n<blockquote><p>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.<\/p>\n<p>Income inequality is not a concern of Wall Street&#8217;s money addicts<\/p><\/blockquote>\n<p>I address one of the ways to tackle this problem in my previous post<strong> <a title=\"Previous post\" href=\"http:\/\/ssgreenberg.name\/PoliticsBlog\/2014\/01\/20\/adapting-society-to-the-age-of-robots\/\" target=\"_blank\">Adapting Society To The Age Of Robots<\/a> <\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&#8217;s money addicts. The richest 1% of Earth\u2019s citizens own 46% of global wealth. That news comes to us from the annual World [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-15875","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/15875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=15875"}],"version-history":[{"count":2,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/15875\/revisions"}],"predecessor-version":[{"id":15877,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/15875\/revisions\/15877"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=15875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=15875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=15875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}