As my favourite comic book uncle once said: Source: Giphy | Columbia Pictures

Why Is Wealth Important in Society?

This statement applies to wealth as it has given the holder power for the longest time. Fast forward to today, wealth is even more powerful as it can be used to buy influence. With the advent of capitalism and globalisation, the gap between the rich and poor worldwide has only widened. We only need to look at the latest World Inequality Report 2022, which found that income and wealth inequality remained extensive worldwide. FYI: The World Inequality Report 2022 is produced by the World Inequality Lab, a Paris-based research laboratory focusing on the study of inequality worldwide and is funded by public and non-profit institutions. Source: World Inequality Report 2022 | Income and wealth inequality in 2021 Startingly the wealth (valuable assets and items over and above...