Joseph E. Stiglitz , Nobel Prize laureate in economics, is an economist and professor at Columbia University. Of course, if ordinary citizens don't have incomes with which to buy the products made by the world's corporations, how can those corporations prosper? That's consistent with the findings of the International Monetary Fund: that countries with less inequality perform better. It begins with a simple idea: pay your taxes. Henry Ford understood the idea about good pay, but his wisdom seems to have been lost on some of today's corporate executives.

Source: CNN January 16, 2017 23:03 UTC