The Week magazine reports that the combined net worth of the 300 richest people in the world climbed by $524 Billion in 2013. This was an analysis by the Bloomberg Billionaires Index. Those 300 people now have a combined total wealth of $3.7 Trillion. That is more than the gros domestic product of every country in the world except the U.S.A. and China.
Bill Gates is now worth $78.5 Billion.
Instead of raising the minimum wage why not cap the maximum earnings for any individual? Forty years ago top executives earned about 20 to 30 times the average worker. That discrepancy is now 200 times or more.
The answer is obvious. The rich have the money to influence the laws. The Poor? Honestly they have nothing to offer.
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