New study indicates that by the past decade , the world 's wealthiest 1 % will control more than 50 % of the world 's wealth . President Obama 's plan is a modest and effective set of policies that sensible Republicans can support . President Obama is right in his Congressional Research Service address to address the widening inequality and to propose taxes on the rich . Democrats need to recognize that they ca n't just be the party of the more than 50 % and support Obama 's modest proposals .
New study indicates that by the past decade , the world 's wealthiest 1 % will control more than 50 % of the world 's wealth . President Obama is right in his Congressional Research Service address to address the widening inequality and to propose taxes on the rich . Democrats need to recognize that they ca n't just be the party of the more than 50 % and support Obama 's modest proposals .