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World Billionaires Effect on Economy

Inequality has been rising globally for decades and some are of the opinion that that a billionaire’s level of wealth is not only unnecessary but also actually damaging to society. The question on ethical existence of billionaires is in a country that has the highest levels of wealth inequality . Some people believe that allowing one person to amass such a huge wealth deprives society, and the economy as a whole, of liquidity that could be better utilised in the service of the entire population. How do we regulate wealth acquisition?

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