When billionaires talk about income inequality, it’s time for the people in the middle to hold on to their wallets.
Per a Bloomberg article, “Billionaires . . . Bemoan Inequality,” billionaires at the World Economic Forum are putting their heads together about income inequality. Proposed changes to capitalism will be discussed in a panel scheduled for today, “Remodeling Capitalism.”
On the subject of changes to the capitalist structure, the conference is highlighted by such quotes, per the Bloomberg article, as, “these growing inequalities are not acceptable,” from Rahul Bajaj, chairman of Bajaj Group, and that business should concentrate on “a more just distribution of wealth,” by Ukrainian billionaire Victor Pinchuk.
It will be interesting to see if their confabulation has any effect on the capitalist system, and if so from where the “redistribution” originates.
