Facebook founder and CEO, Mark Zuckerberg added $41 billion to his wealth over the past year. And that’s nothing compared to what Tesla CEO, Elon Musk raked in: $157 billion. The majority of humans on the planet can’t even fathom earning that amount of money. Yet, for many in the top .01 percent, it’s a never-ending cycle of holding onto and building their wealth for generations to come. As the rich get richer and take up a bigger piece of the pie, what’s left for the rest of us? How can leaders and laws slow this extreme wealth inequality?
- Chuck Collins, director, Program on Inequality, Institute for Policy Studies, author, The Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions.