New research indicates that by 2016 , the world 's wealthiest 1 % will control more than 50 % of the world 's wealth . President Obama is right in his SOTU address to address the widening inequality and to propose taxes on the rich . Republicans have to recognize that they ca n't just be the party of the 1 % and support Obama 's modest proposals .
New study indicates that by 2016 , the world 's wealthiest 1 % will control more than 50 % of the world 's wealth . President Obama is right in his SOTU address to address the widening inequality and to propose taxes on the rich . Republicans need to recognize that they ca n't just be the party of the 1 % and support Obama 's modest proposals .