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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. Re: Inequality is meaningless by AnthonywC · · Score: 5, Informative

    Lol if us means USA then no, your poorest are definitively not better off since the lack of decent health care or labor laws. In fact they will be much better off in most other countries.

  2. Re:One man's handouts by chadenright · · Score: 4, Informative

    If you're spending money at starbucks and investing in a 401k, then you are not at the bottom. Entitled comments like this show 100% why the wealthy -just don't get- the situation they're in. When people tell mattack2 that they are starving, his response is, "Let them eat cake!"