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The Need to Act on Income Inequality

Income disparity is in imminent danger of sparking major social unrest or inspiring dramatic solutions such as the 80% tax on incomes over $500,000 proposed by famed economist Thomas Piketty. Peter Georgescu, Chairman Emeritus of Young & Rubicam, Inc. is an exceptionally successful capitalist who believes income equality is a major threat to global prosperity. Separated from his parents as a child, forced to work in a Communist labor camp in Romania for eight years, moving to America and rising to be the Chairman of Young & Rubicam, his life serves as a compelling backdrop for his advocacy work in designing workable solutions to combat income inequality. Georgescu shares some insights on what the World Economic Forum deemed the world's top priority in 2015 -- income inequality.