Is Inequality Approaching a Tipping Point?
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We know that inequality is on the rise around the world: The richest 1 percent command almost half the planet’s household wealth, while the poorest half have less than 1 percent. We know a lot less about why this is happening, and where it might lead.
Some argue that technological advancement drives income disproportionately to those with the right knowledge and skills. Others point to the explosive growth in the financial sector. Liberals worry that extreme inequality will tear society apart. Conservatives argue that the wealth of the rich inspires others to succeed.