The rich are getting richer, inequality is on the rise, and the middle class, the backbone of the US economy since the 1950s, is shrinking.
Stanford University Professor and Hoover Institution Senior Fellow John Taylor and Rick Santelli discuss policy response to the covid-19 economic crisis.
The rich are getting richer, inequality is on the rise, and the middle class, the backbone of the US economy since the 1950s, is shrinking.
In 2018 the three highest-paid chief executives in the United States earned more than the output of several countries. Tesla’s Elon Musk, Brendan Kennedy, the CEO of pot success story Tilray, and Bob Eger, the boss of Walt Disney Co., made a combined $914 million, more than each of 11 countries that rank among the poorest in the world.
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