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 . In fact , the only thing tax cuts unequivocally do , according to the study ? Republicans have to recognize that they ca n't just be the party of the 1 % and support Obama 's modest proposals .
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 .