As many of you know, I am quite concerned about the growth of income inequality since I believe that as it worsens, the overall economy will suffer. On a global scale, wealth (not income) is massively unequal: “32 million people, representing 0.7% of the world’s adult, population control $98.7 trillion or about 41% of the world’s wealth.” How long such a lop-sided distribution can persist is unknown.

And where do the super-wealthy live?

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