Financial journalist Felix Salmon weighed in on the U.S.'s "rather crazy tax policy" during an interview with HuffPost Live at the 2015 World Economic Forum, saying it "doesn't make any sense at all."
"There's a rather crazy tax policy in the U.S. where the very rich pay lower tax rates than most Americans, and that doesn't make any sense at all," Salmon said.
Salmon, who joined Fusion in April 2014 and previously worked at Reuters, said "everyone thinks that they're middle class."
"Even the one percent think they're middle class," Salmon said.
Salmon also had some criticism for those who attend the Davos annual meeting, saying they are "beneficiaries of global inequality."
"If your way to conquer global inequality is for rich people to get together and conquer it for you, then it's not going to happen. Really," Salmon said.
Below, more updates from Davos:
01/24/2015 8:58 AM EST
McAfee On Evolution And Technology
"Evolution has wired us; we have social drives," McAfee said.
"Could there be a piece of technology that figures out an intelligent next question to ask somebody? Yeah," McAfee said.
01/24/2015 8:57 AM EST
'Making Workers Obsolete'
"For 200 years of industrial technology, we've been making workers obsolete," McAfee said.
McAfee said nobody knows if we're reaching the point where technological developments could lead to unemployment.
01/24/2015 8:56 AM EST
Andrew McAfee At Davos
Andrew McAfee of the MIT Sloan School of Management on HuffPost Live
01/24/2015 8:46 AM EST
Bruder On The Barriers Women Face
"We strive to have the majority of our graduates female," EFE's Ron Bruder said.
"I don't think there's an official barrier but there's a social and structural barrier in a lot of these countries toward women," Bruder added.
Bruder said his company creates local foundations, and those foundations tackle those issues on EFE's behalf.
01/24/2015 8:42 AM EST
EFE's McAuliffe And Bruder: Young People Need Jobs
EFE's president and CEO Jamie McAuliffe, along with founder and chair Ron Bruder, sat down with HuffPost Live at Davos on Saturday.
Bruder said it's vital to the global economy that youths have jobs.
McAuliffe said EFE starts with businesses.
"Where are the jobs?" he said.
01/24/2015 8:14 AM EST
'Every Woman Has The Opportunity To Be An Activist'
Catchafire Founder & CEO Rachael Chong joins HuffPost Live to share her thoughts on how to get more women to Davos.
01/24/2015 8:11 AM EST
'Doing Less, But Better'
Greg McKeown, author of Essentialism: The Disciplined Pursuit of Less, said his book grew out of working with people who are really successful.
"Success can become a catalyst for failure," he said.
McKeown said leaders at Davos have experience with plateauing after achieving professional success. To avoid that, McKeown said, people must find a way to expand their contribution without doing more.
"The whole idea is about doing less, but better," he said.
01/24/2015 8:00 AM EST
Online Data Is Like Money
"In some sense, we're the next generation of banks," Smith said, noting you wouldn't put your data in a place you don't trust just like you wouldn't deposit your money at a bank you don't feel is stable.
01/24/2015 7:59 AM EST
Hacking Crime Difficulties
Smith said the most difficult part about investigating a hacking crime is identifying and finding a hacker.
"Our prisons are not full of hackers," Smith said, noting hackers are often in countries outside the U.S.
01/24/2015 7:57 AM EST
Brad Smith At Davos
Brad Smith at Davos