Tim McCarthy and the Business of Good

November Article: Income Inequality May Take Toll on Growth

Nov 1, 2012 11:30:00 AM / by Tim McCarthy

Editor’s Note: Our foundation studiously avoids advocacy but if we ever change that policy, here’s the first windmill I will tilt. Forbes 50 wealthiest people for example had net worth of $800 million in 2007 just before the bust and this year have an average net worth of $5.5 billion. And as this article tells us, the rich getting richer and poor getting poorer is not only wrong, it’s bad for the economy.

Article: http://www.nytimes.com/2012/10/17/business/economy/income-inequality-may-take-toll-on-growth.html?pagewanted=all

Tags: Learning and Knowledge

Tim McCarthy

Written by Tim McCarthy