Despite economic dislocation in urban and extraction economies, including shifts in the holders of wealth and the location of these economies, the economic output of towns and mines developed and intensified over the period.
At the same time, however, this new economic configuration will mean greater political influence for the holders of that wealth, and that will make higher wealth taxes harder to achieve.
It doesn't seem fair to the holders of that wealth to suddenly pay additional taxes on assets that they thought were in the clear, and such taxes would signal that previous policy has failed.
They argue that information passed to tax authorities in some of the less cleanly governed developing countries could easily fall into the wrong hands (for instance kidnappers), endangering the safety of holders of legitimate wealth.Mr Gurria touts the new standard as a "game changer".
They forget that holders of concentrated wealth have always pushed the world toward war when their disproportionate stakes were threatened by resource constraints.
Contrary to the hyperventilations of some conservatives, Obama seems as unlikely to confiscate the holders of mega-wealth, inherited or otherwise, as that muddle-headed blueblood, George W. Bush.
Programs for the next generation of wealth holders have exploded in popularity.
The report said: "Wealth inequality has continued to increase since 2008, with the top percentile of wealth holders now owning 50.4% of all household wealth".
As incremental changes to the tax system are implemented, nobody in the bottom 80% of wealth holders should be taxed any more heavily than under current arrangements.
The number of millionaires globally increased by 155%, while the number of ultra-high-net-worth individuals has risen by 216%, making them by far the fastest-growing group of wealth holders.
The top 10percentt of wealth holders owned 83percentt.
