Obama: Inequality "morally wrong"
By Adam Aigner-Treworgy and Tom Cohen, CNN
updated 8:23 PM EDT, Wed July 24, 2013
Confronting the deep partisan divide over federal spending, tax reform and raising the debt ceiling later this year, Obama told a large crowd at the University of Central Missouri in Warrensburg that reversing a growing inequality between haves and have-nots should be the top priority of Congress.
"Where I can act on my own, I'm going to. I'm not going to wait for Congress," he said in the second of two speeches that kicked off a series of economic-themed addresses across the country.
"This growing inequality isn't just morally wrong; it's bad economics," Obama said.
http://www.cnn.com/2013/07/24/politics/obama-economy/index.html?hpt=hp_t3
China's richest man says wealth gap not a priority
(AFP) July, 2013
BEIJING â China's yawning divide between rich and poor does not need to be tackled, the country's richest person said Wednesday -- as long as everyone can become wealthy.
"We don't need to solve the problem of the rich-poor gap, we need to solve the problem of common prosperity," said Zong Qinghou. Zong is a delegate to the Chinese National People's Congress.
Zong warned: "If we had egalitarianism... we wouldn't have enough to eat." He called for lower taxes to stimulate investment. "It's best to encourage people to create wealth," he said.
http://www.google.com/hostednews/af...ocId=CNG.8fcf3fa81aeb65ae27506c00e8bfc6c8.221
Sometimes you really wonder which is the communist country.....
By Adam Aigner-Treworgy and Tom Cohen, CNN
updated 8:23 PM EDT, Wed July 24, 2013
Confronting the deep partisan divide over federal spending, tax reform and raising the debt ceiling later this year, Obama told a large crowd at the University of Central Missouri in Warrensburg that reversing a growing inequality between haves and have-nots should be the top priority of Congress.
"Where I can act on my own, I'm going to. I'm not going to wait for Congress," he said in the second of two speeches that kicked off a series of economic-themed addresses across the country.
"This growing inequality isn't just morally wrong; it's bad economics," Obama said.
http://www.cnn.com/2013/07/24/politics/obama-economy/index.html?hpt=hp_t3
China's richest man says wealth gap not a priority
(AFP) July, 2013
BEIJING â China's yawning divide between rich and poor does not need to be tackled, the country's richest person said Wednesday -- as long as everyone can become wealthy.
"We don't need to solve the problem of the rich-poor gap, we need to solve the problem of common prosperity," said Zong Qinghou. Zong is a delegate to the Chinese National People's Congress.
Zong warned: "If we had egalitarianism... we wouldn't have enough to eat." He called for lower taxes to stimulate investment. "It's best to encourage people to create wealth," he said.
http://www.google.com/hostednews/af...ocId=CNG.8fcf3fa81aeb65ae27506c00e8bfc6c8.221
Sometimes you really wonder which is the communist country.....