Half Of Millennials Don’t Like Capitalism; Paul Tudor Jones Warns What We Must Fix This Or We Face Disaster

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Michelle deBoer-Jones
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Updated on

Income inequality is at a new record high in the U.S., according to legendary investor Paul Tudor Jones. He spoke about the issue at the Inside ETFs conference in January and called attention to a Harvard study which found that 51% of Millennials ages 19 to 29 either don't believe in capitalism, are against it, or believe in socialism. He also explained why he thinks this is the case. Income inequality is extreme—and getting wider He noted that 82% of the wealth generated last year went to the top 1% of the population, and the world's 26 wealthiest people have...

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Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.