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posted by Fnord666 on Sunday October 29 2017, @08:01AM   Printer-friendly
from the goose-and-the-golden-egg dept.

Wealth inequality stands 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 yet higher. The report, undertaken by Swiss banking giant UBS and UK accounting company PwC, discusses the roles technology and globalization play in the status quo, and appears two weeks after the IMF recommended that the rich should pay more tax to address the enormous disparity.


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  • (Score: 1) by khallow on Sunday October 29 2017, @03:55PM

    by khallow (3766) Subscriber Badge on Sunday October 29 2017, @03:55PM (#589067) Journal

    Wealth gained without the application of personal time and energy should be less protected and taxed more heavily.

    I don't agree. The relatively high ROI on investments indicates to me that we need more of that rather than some institutional discouragement. Further, what happens when you no longer work whether due to desire or illness? Investment is a way to cover that without requiring someone to become a dependent of the state.