A general view of a low income neighborhood known as Boca la Caja next to the city skyscrapers in Panama City is seen in this April 24, 2014 file photo. REUTERS/Carlos Jasso
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Growing global wealth inequality is becoming a fundamental risk to democracy and to economies around the world as more people feel government rules "rigged" in favor of the rich leave them with few options, investors and governance experts said Friday.If the trend continues, by 2030, the top 1 percent of Americans will earn 37 to 40 percent of the country's income, with the bottom 50 percent getting just 6 percent, he said.Globally, half of the world's wealth is now held by just 1 percent of the world's population, according to a 2015 report by Credit Suisse, a financial services company.That trend toward greater inequality – driven in part by tax policies and shifts such as the growing power of corporate lobbyists in the United States – is leading to the increasing belief that political systems can no longer deliver results for many people, said Darren Walker, president of the U.S.-based Ford Foundation.It is also putting the United States in an odd spot when it comes to enforcing anti-corruption rules overseas, including in the aid business, he said.
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