Posted by Bob Lord
No surprise here. The OECD reports that income inequality increased as much in the past three years as it did in the preceding twelve years.
And the OECD countries with the largest income gap between rich and poor: Turkey, Chile, Mexico, Israel and the old US of A.
I've previously noted that we're living through a great experiment: How much wealth and how much income can we cram into the top 1% before the bottom 90% explodes? Still no answer, but the experiment still is moving along.