The last two decades of wealth data show that “inequality is a political choice, not an inevitability,” reinforcing the idea that wealth inequality is a feature of capitalism, not a bug.
Economists say that dollar stores are expanding because of growing wealth inequality in the US and the hollowing out of the middle class.
The tech mogul’s net worth is estimated at over $96 billion. Gates was also the richest person in the world from 1995 until 2008 when he was surpassed by Amazon CEO Jeff Bezos.
The data which cover the years 1989 through 2018 reveal a consistent trend of widening wealth inequality.