The progressive fight against income inequality has gone global. Just a day before global leaders were set to meet in Switzerland for the World Economic Forum this week IMF head Christine Lagarde issued a warning that growing global income inequality could have a major impact on the world’s economies. It is messages like this that give reason for congress to recommend to cut funding for the IMF. Here in the US President Obama has spoken at length about how he wants to make things more fare by taxing the rich more and raising the minimum wage. What the President fails to mention is that income inequality has gotten worse while he has been in office. According to research from the University of California Berkeley, since 2009 90% of this country’s income gains have gone to this countries top 1 percent despite the increase in spending on things like food stamps, healthcare, and welfare. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins The Blaze TV with Wilkow to discuss what are the main takeaways from resent statement from IMF head and the fight over income inequality.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
Tags: chapwood investment, ed butowsky, financial advisor, food stamps, IMF, income gains, increase in spending, The Blaze TV, University of California Berkeley, wealth manager, welfare, world economic forum
