Updated Friday, October 24, 2014 as of 7:59 PM ET

Undervalued Riches of Top 1% Point to More Global Inequality

(Bloomberg) -- The 1% is literally rich beyond measure, depriving nations of billions in tax revenue and obscuring shifts in global inequality.

Get access to this article and thousands more...

All On Wall Street articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, blog discussions, the iPad App, CE Exams, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our daily or weekly e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and growth strategies.

Already Registered?

Comments (1)
Cowan had it exactly right. The super-rich don't take their wealth from others; they create wealth, giving the rest the opportunity to earn it. The only problem here is that our governments rely on an archaic tax system that focuses on punishing income. The Fair Tax makes everyone a taxpayer, and gives each person reasonable control over their taxation.
Posted by Rob D | Sunday, August 10 2014 at 12:59AM ET
Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.

Already a subscriber? Log in here