Obama: Nation’s Biggest Critic on Income Inequality Increases Personal Wealth 438% since 2007

Income inequality is defined as: “The unequal distribution of household or individual income across the various participants in an economy. Income inequality is often presented as the percentage of income to a percentage of population. For example, a statistic may indicate that 70% of a country’s income is controlled by 20% of that country’s residents.” “It is often associated with the idea of income ‘fairness’. It is generally considered ‘unfair’ if the rich have a disproportionally Read more […]