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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.

1 of 509 comments (clear)

  1. Re:Inequality is meaningless by sycodon · · Score: 0, Redundant

    Since currencies are not longer pegged to some commodity, wealth is no longer a zero sum game.

    Your neighbor can be a billionaire and that won't stop you from becoming one either.

    --
    When Fascism comes to America, it will call itself Anti-Fascism, and tell you to give up your guns.