Three of the world’s richest and most powerful people (and Timothy Geithner) had a good laugh over income inequality earlier this year.
Former Treasury Secretaries Robert Rubin, Henry Paulson and Geithner were asked about the issue by Facebook executive Sheryl Sandberg during a conference in Beverly Hills. When Paulson responded that he’d been working on income inequality since his days at Goldman Sachs, Geithner quipped, “In which direction?”
“You were increasing it!” cracked Rubin, as everyone on stage roared with laughter.
They all enjoyed a good laugh, but most Americans would probably not find it so funny. The exchange begins at about the 36:00 minute mark.