Billionaires with 1% tax rates

NEW YORK (CNNMoney)  — In case you haven’t heard, President Obama wants the wealthiest to pay more in taxes. Noting the rise in income inequality in recent years and the need to reform the U.S. tax system, the president on Tuesday said that some of the wealthiest in America pay […]

Money managers say inequality risks social contract: The Failure of Judeo-Christian inspired Capitalism

By Mike Dolan. (Reuters) – Rising inequality both within countries and between nations have reached critical levels that need to be addressed to avoid trade, tax and regulatory backlashes that could strangle an already wounded world economy, European money managers say. Speaking at Reuters 2012 Investment Outlook Summit, taking place […]