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'The Second Gilded Age Is Upon Us' (theguardian.com)

Posted by msmash on from the up-next dept.

Robotron23 writes: Wealth inequality is at its highest since the turn of the 20th century -- the so-called 'Gilded Age' -- as the proportion of capital held by the world's 1,542 dollar billionaires swells further. The report, commissioned by the Swiss banking giant UBS and UK accounting company PwC, discusses the impacts of technology and globalization on the situation, and arrives weeks after the IMF recommended that the world's richest pay higher taxes to ease the disparity of wealth.

2 of 509 comments (clear)

  1. more unions are needed!! by Joe_Dragon · · Score: 4, Funny

    more unions are needed!!

  2. Brilliant Idea! by ThisIsNotAName · · Score: 5, Funny

    I should write a cookbook!
    I'll call it "100 Recipes for Cooking Rich People!"
    It's brilliant! Everyone will spend their last few dollars to buy it!
    I'll be rich!!! ... Wait, never mind.