If You Are Not in the Forbes 400, Listen to This. - WhoWhatWhy If You Are Not in the Forbes 400, Listen to This. - WhoWhatWhy

(Left to right) Bill Gates, Warren Buffett, Larry Ellison, Jeff Bezos, Charles Koch (Not pictured), David Koch, Mark Zuckerberg, Michael Bloomberg, Jim Walton and Larry Page  Photo credit: UK Department for International Development / Wikimedia (CC BY 2.0), Fortune Live Media / Flickr (CC BY-NC-ND 2.0), Oracle PR / Flickr (CC BY 2.0), James Duncan Davidson / Flickr (CC BY 2.0), Gage Skidmore / Flickr (CC BY-SA 2.0), Presidencia de la República  / Flickr (CC BY 2.0), Metropolitan Transportation Authority of the State of New York / Wikimedia (CC BY 2.0), Walmart / Flickr (CC BY 2.0), Marcin Mycielski, European Parliament / Wikimedia (CC BY-SA 3.0)

If You Are Not in the Forbes 400, Listen to This.

The Latest Forbes List Should Be a Wake up Call to 99% of Us

12/12/15

The 20 richest Americans now have more money than the entire bottom half of the population. Here are some surprising insights. PODCAST.

We hear so much about wealth inequality in our social and political dialogue today. In fact, it’s reached the point where we either don’t pay attention anymore, or we are simply numb to what it means. However, the recent annual Forbes list of the 400 wealthiest Americans provides some context to that inequality.

For starters, the 20 richest individuals in the United States today hold more wealth than the entire bottom half of the U.S. population combined. But having said that, does it matter? How did we get here, and is there a way out, short of revolution?

Chuck Collins, a senior scholar at the Institute for Policy Studies, who directs the Institute’s Program on Inequality and the Common Good, speaks with WhoWhatWhy’s Jeff Schechtman.

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Related front page panorama photo credit: Adapted by WhoWhatWhy from Bosses of the Senate (Puck / Library of Congress / Wikimedia) and income distribution chart (Alan De Smet / Wikimedia)

Author

  • Jeff Schechtman

    Jeff Schechtman's career spans movies, radio stations, and podcasts. After spending twenty-five years in the motion picture industry as a producer and executive, he immersed himself in journalism, radio, and, more recently, the world of podcasts. To date, he has conducted over ten thousand interviews with authors, journalists, and thought leaders. Since March 2015, he has produced almost 500 podcasts for WhoWhatWhy.

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