Wealth 1000x LeBron and 10000x CEO creates political risk, Kevin Bryan argues

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5 hours ago

Wealth 1000x LeBron and 10000x CEO creates political risk, Kevin Bryan argues — Extreme wealth gaps seen as unsustainable

Kevin Bryan raises concerns about the sustainability of extreme wealth inequality. He notes scenarios where one person holds wealth 1000 times greater than that of LeBron James, 10000 times more than a Fortune 500 CEO, or 500000 times that of a middle-aged economics professor.

Bryan further points out that such disparities may be especially problematic when the wealthiest pay lower lifetime taxes than the upper middle class or can easily transfer wealth to their children.

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Bryan has previously compared sluggish real GDP per capita growth in Canada to stronger gains in the U.S. He has also observed that U.S. real GDP growth has outpaced Western Europe by about 1 percent annually based on purchasing power parity measures. His recent comments on wealth distribution follow a series of posts analyzing economic disparities between major economies.

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