The world's super-rich hold the greatest concentration of wealth since the US Gilded age in turn of the 20th century,when families like the Carnegies , Rockefellers and Vanderbilts controlled vast fortunes
Billionaires increased their combined global wealth by almost a fifth last year to a record $6tn (£4.5tn) more than twice the GDP of UK. There are now 1.542 dollar billionaires across the world ,after 145 multi-millionaires saw their wealth tickover into nine zero fortunes last year, according to research.
Josef stader,a lead author of and reporter and UBSs head of global ultra high net worth ,said his billionaire clients were concerned that growing inequality btw rich and poor could lead to a ''strike back",we're at an "inflation point " Stader said
Wealth concentration is as high as in 1905,.this is something billionaires are concerned about. The problem in power of interest on interest ,that makes big money bigger and the question is ,"to what extent is that sustainable and at what point will society intervene and strike back"?stader added
Anger at the so-called robber barron families who built up vast fortunes from monopolies in US rail,oil ,steel and banking in the late 19th century,an era of rapid industrialization and growing inequality in America that became known as the Gilded age,led to President Roosevelt breaking up companies and trusts and increasing taxes on the wealthy in the early 1900s
Is there going to be similarities in the way society reacts to this Gilded age? Will the second end ?or will it proceed ? The international monetary fund (IMF) recently advised western governments to force the top 1% of earners to pay more tax to try to reduce dangerous inequality level
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A gold Ferrari car was found packed in one of London's street 
Josef stader,a lead author of and reporter and UBSs head of global ultra high net worth ,said his billionaire clients were concerned that growing inequality btw rich and poor could lead to a ''strike back",we're at an "inflation point " Stader said
Wealth concentration is as high as in 1905,.this is something billionaires are concerned about. The problem in power of interest on interest ,that makes big money bigger and the question is ,"to what extent is that sustainable and at what point will society intervene and strike back"?stader added

We are now two years into the peak of the second Gilded age"he said. $1bn question was "how society would react to the concentration of so much money in the hands of so fewAnger at the so-called robber barron families who built up vast fortunes from monopolies in US rail,oil ,steel and banking in the late 19th century,an era of rapid industrialization and growing inequality in America that became known as the Gilded age,led to President Roosevelt breaking up companies and trusts and increasing taxes on the wealthy in the early 1900s
1900s ,world witnessed Gilded age
Is there going to be similarities in the way society reacts to this Gilded age? Will the second end ?or will it proceed ? The international monetary fund (IMF) recently advised western governments to force the top 1% of earners to pay more tax to try to reduce dangerous inequality level
....
Nb:we found this news interesting for our readers ,we copied ..
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