Financial journalist Felix Salmon weighed in on the U.S.’s “rather crazy tax policy” during an interview with HuffPost Live at the 2015 World Economic Forum, saying it “doesn’t make any sense at all.”
“There’s a rather crazy tax policy in the U.S. where the very rich pay lower tax rates than most Americans, and that doesn’t make any sense at all,” Salmon said.
Salmon, who joined Fusion in April 2014 and previously worked at Reuters, said “everyone thinks that they’re middle class.”
“Even the one percent think they’re middle class,” Salmon said.
Salmon also had some criticism for those who attend the Davos annual meeting, saying they are “beneficiaries of global inequality.”
“If your way to conquer global inequality is for rich people to get together and conquer it for you, then it’s not going to happen. Really,” Salmon said.
Below, more updates from Davos:
–
Zach Sims, co-founder and CEO of Codeacademy, wrote for HuffPost about how we train the coders of the future today. Read it here.
Sanjana Jayadev, Country Head at AIFO India, asks the question in a HuffPost blog. Read more here.
Rosario Perez, president & CEO of Pro Mujer, blogged for HuffPost about 5 ways low-income women are challenging micro-finance paradigms in Latin America.
Read more here.
CBI Director of Economics Rain Newton-Smith blogged for HuffPost on how trade and training can boost global recovery. Read it here.
See a blog from Jonas Prising, CEO of Manpower, here.
The World Economic Forum kicks off on Jan. 21 in Davos, Switzerland. Check back here for the latest updates on the event.
