Author Chrystia Freeland, photo courtesy The Penguin Press.
In times of financial crisis, the topic of income inequality has become a political football. However, many may not realize the true disparity of wealth.
Reuters editor Chrystia Freeland says the real income disparity comes from the smallest fraction of the population. Freeland tells Steve Fast that 0.01% of Americans hold over a eight percent of the nation's wealth, and that group is getting richer. And with the ability to contribute unlimited funds to political Super PACs, this group of super-rich are taking a more active role in political campaigning.
Freeland examines the role of this elite culb of super-rich in her book "Putocrats: The Rise of the New Global Super Rich and the Fall of Everyone Else."
Listen to the interview: Chrystia Freeland on The Steve Fast Show.
Steve Fast can be reached at email@example.com