By Paul Temple

If you’re old enough, you’ll remember when “millionaire” was used to describe someone who was almost unimaginably rich. Then, sometime towards the end of the last century, “billionaire” took its place – a reflection, probably, of both inflation and increasing disparities of wealth. Now, in America, being a billionaire is no big deal (540 of them, apparently) – you have to be a multibillionaire for people to take notice. Jeff Bezos, the Amazon boss, is worth $100bn. Globally, the top 1% own as much as the remaining 99%. (SRHE members need to tread a little carefully here: Continue reading →