'The Second Gilded Age Is Upon Us'

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.

Read more of this story at Slashdot.



Source: Slashdot – ‘The Second Gilded Age Is Upon Us’