Inequality Hits New Record High: Christ Had Something to Say About That

The State of Extreme Economic Inequality in America

A Comparison to the Social Gospel and Teachings of Jesus Christ

by Minister Paul J. Bern

What’s the Social Gospel? How can this benefit myself and others? Find out the inspiring truth at Rev. Paul Bern’s Faith Based Community, or at https://business.google.com/site/l/01832834538876848585

Have you heard the latest news? Economic inequality has reached a new record. Whether it’s a record low or record high depends on who you ask. Compared to the top 1% of wage earners and managers, inequality has hit a record high. Here are the facts from today’s news.

A Case of Obscene Wealth

“The wealth of the top 1% hit a record $44.6 trillion at the end of the fourth quarter, as an end-of-year stock rally lifted their portfolios, according to new data from the Federal Reserve. The total net worth of the top 1%, defined by the Fed as those with wealth over $11 million, increased by $2 trillion in the fourth quarter. All of the gains came from their stock holdings. The value of corporate equities and mutual fund shares held by the top 1% surged to $19.7 trillion from $17.65 trillion the…