The richest 1 percent of the population will own more than half the world’s wealth by 2016, Oxfam International said in a report released as the World Economic Forum begins in Davos, Switzerland.
San Francisco’s unemployment rate is at its lowest level in six years, but for those in the restaurant industry, the booming economy is making it hard for some small businesses to fill job openings.
For those at the top, the economic recovery has been robust with appreciating portfolios and rising home values, but one UC Berkeley professor says it’s a different story for the working poor.
During the current election campaign, for the first time in American history, President Barack Obama and the “left” have made success in America to be negative.
President Barack Obama is in favor of the extremely controversial idea of redistribution of the nation’s wealth. Basically, Obama believes that everyone should “have a shot” at the good life and great opportunities in life whether they’ve worked for them or not – paid for by those who have acquired their wealth and success-related opportunities in life via hard work.
The saying goes that money can’t buy happiness, but the percentage of Californians who consider themselves very happy rises according to income level.