US' 3 richest men have more wealth than half of the population
Bill Gates, Jeff Bezos, and Warren Buffet have more wealth than the poorest half of the US population.
In other words, the three richest men in the United States have a combined wealth that is greater than the combined wealth of 160 million people.
Economists say that as wealth inequality is on the rise, it is not just an example of bad economics, but a moral crisis.
According to a report by the Billionaire Bonanza thinktank, Forbes wealthiest 400 were worth more than the bottom 64 percent of the U.S. population and more than the GDP of the United Kingdom.
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The report also says that Donald Trump’s proposed tax change would make matters worse. Eighty percent of tax benefits would end up going to the wealthiest one percent.
In 2010, Gates and Buffet founded the giving pledge, a campaign which encourages the world's billionaires to donate most of their wealth to philanthropic causes.
As of 2017, the pledge has 158 signers.
