Growing economic inequality is, without a doubt, one of the most pressing challenges currently facing our country. A recent study by Oxfam revealed that by 2016 the richest 1% will control over 50% of all wealth, exceeding that of the other 99% of the population combined.
The Daily Show recently covered this issue, but in their typical tongue in cheek fashion. The show aired a segment highlighting the fact that not only is a disparity in wealth widening between the 1% and everyone else, but even the 1% are progressively being left behind by the 0.01%.
One of their guests was Morris Pearl, Chairman of the Patriotic Millionaires, who was invited on the show to provide his insight on the topic. Needless to say, they were surprised to find a wealthy American who was advocating for raising his own taxes.
Morris Pearl, Patriotic Millionaires: I’m asking for fair taxes, where those who have more pay more and those who have less pay less.
Hasan Minhaj, The Daily Show: What? But don’t you need more money?
Morris Pearl: No, I don’t. I don’t need more money.