The Economics of Inequality Part 2- Tax the Rich!

The video explores income inequality, questioning if the rich are greedy and how to address inequality in the US and globally. It discusses the Occupy Wall Street movement, compares US and global income inequality, and considers solutions like worldwide taxation. The video emphasizes the need for government efficiency before increasing taxes on the rich, suggesting a dedicated commission to eliminate waste.

What is the significance of the statistic that to be in the richest 1% in the world, one needs to earn around $34,000 a year?

What potential solutions are suggested for addressing income inequality and government waste?