""We will probably in the coming years end up with a handful of trillionaires—that is OK in a sense that we need to aspire to something. But if we suddenly have 100 trillionaires or 1,000 trillionaires, something will be fundamentally wrong with the world—and everyone will be right in saying 'This system doesn't work.'""
""CEOs that 60 years ago might have been making four to six times more than what the workers are receiving, the last figure I saw, it's 600 times more than what average workers are receiving. The news that Elon Musk is going to be the first trillionaire in the world: What does that mean and what's that about?""
Artificial intelligence promises significant advancements but raises concerns about wealth concentration. Justin Trudeau warns that if the wealth of the top 1% continues to grow unchecked, society will face serious issues. The number of billionaires has reached a record high, reminiscent of the Gilded Age. The disparity between CEO salaries and average workers has become alarming, with CEOs earning 600 times more than the average worker. Pope Leo XIV expresses concern over the implications of such wealth concentration on societal values.
Read at Fortune
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