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When wealthy people espouse left-wing causes, such as redistribution of wealth, those on the right often label them hypocrites.So the wealthy are faced with a choice: Either give away some of their assets and then campaign against inequality, or just keep quiet.This is unfortunate, because global inequality is reaching intolerable levels. What's more, wealth tends to remain in families over time.For example, Oxfam's latest annual report estimates the 26 richest people on earth own the same wealth, or have the same net worth, as the 3.8 billion people who comprise the bottom half of the world's wealth distribution.Moreover, according to Oxfam, the combined wealth of the world's billionaires grew by $900 billion last year, or nearly $2.5 billion per day.True, a certain amount of inequality is both inevitable and essential to drive the economy. But inequality today far exceeds this "Goldilocks" level. Regardless of the continuing debate about how exactly to measure wealth and income inequality, there can be little doubt that both are unconscionably high.
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