In 2024, wealth concentration rose to an all-time high, with 2,781 billionaires collectively worth $14.2 trillion. This trend looks set to continue unabated.
Senator Bernie Sanders called the 'obscene level of income and wealth inequality... a profoundly moral issue.' This sentiment is echoed amidst growing discontent over wealth concentration.
The G20 agreed to consider a global 'billionaire tax' to address wealth inequality, a move that reflects widespread concern among nations about extreme wealth disparities.
Millionaires will increasingly mobilize for change, exemplified by groups like Patriotic Millionaires, advocating for fairer taxation and equitable economic policies.
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