David Cay Johnston

David Cay Johnston

Jun 4, 2014

06/09/2014 - The Societal Impacts of Inequality - The U.S. has the dubious distinction of being the most unequal of all developed countries. The gaps between rich and poor have not been seen since the Gilded Age over a century ago. The one-tenth of one percent is loaded with stocks, bonds, hedge funds, cash and property. The respected business journalist Martin Wolf writes, "An out-of-control financial sector is eating out the modern market economy from inside, just as the larva of the spider wasp eats out the host in which it has been laid." Inequality is corroding democracy.