Blackonomics…Mo’ money, mo’ money

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(NNPA)—Remember that movie with the Wayans Brothers? After stealing some credit cards, Damon’s character, Johnny Stewart, had everything he ever thought he wanted. He spent a lot of money on “things” and still found himself with more than enough cash to do whatever he wanted.

I am also reminded of another movie in the 1980s, “Wall Street” that featured the infamous Gordon Gekko whose mantra was “Greed is good.” When King Solomon wrote, “Money answereth all things,” I don’t think he had Stewart and Gekko in mind.

To expand on that point, the Pope and President Obama will be kickin’ it in March to discuss the issue of economic inequality, which is graphically described by the following three points cited in an Oxfam Briefing Paper:

“The wealth of the richest one percent in the world amounts to $110 trillion. That’s 65 times the total wealth of the bottom half of the world’s population;”

“The bottom half of the world’s population [3.5 billion people] owns the same as the richest 85 people in the world;”

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