Why Inequality is a big deal!
Apparently the Top 25 USA Hedge Fund managers earn more than all the kindgergarten teachers combined! Fair?
The top 25 hedge fund managers make more than all kindergarten teachers in the USA. What, that cannot be true!
It gets worse! They pay a lower tax rate because of something called the carried interest tax loophole, which is basically a government subsidy for millionaires and billionaires!
It seems the entire system is rigged in favour of the rich, and its seems no politicians have the will to change it!
Perhaps Obama will.
But is the money they earn justified? Aren't they the epitome of the American Dream!
David Pakman tests whether or not there is any truth in this allegation they earn so much, and looks at the contribution they make to the economy.
South Africa is one of the most unequal societies in the world, and if we do not do something about it, the world we leave to our children will be very bleak!
How would you like to see the system change?