We may be headed for economic armageddon
Last updated 12/13/2007 at Noon
The richest man in the world, Carlos Slim, is a fat Mexican tycoon who makes about $27 million a day while a fifth of the country gets by on less than $2 a day.
It’s hard to spend a day in Mexico and not put money in the pockets of this man. He owns more than 200 companies and his wealth represents seven percent of the country’s annual economic output. Do you see anything wrong with this?
How does the US avoid such wealth disparity and develop a strong middle class? Through just laws and taxation.
The “gilded age” of the 1890s, with the excesses of the likes of Rockefeller, Carne...