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Income inequality skyrocketing over the past 30 years, even the people who have benefited most from the system are revealing its flaws. Millionaires such as Jamie Dimon, CEO of JPMorgan Chase, and Ray Dalio, founder of Bridgewater Associates, have sounded the alarm about the threat that rising levels of inequality will pose to the United States, while Marc Benioff, founder of Salesforce, has recently pushed millions of people to better study the causes of homelessness. At the prestigious Milken conference, where billionaires and billionaires exchange ideas in Beverly Hills, several speakers warn of the dangers of ignoring the threat of the growing wealth divide.
"If you don't have capital, why be a capitalist?" Discover more stories on Business Insider Spain . Billionaire Marc Benioff has recently put his immense wealth to work on a cause that is plaguing his SW Business Directory hometown of San Francisco, donating $30 million to the University of California-San Francisco to study the causes that are leaving thousands of people without home . The city has seen a wealth boom thanks to the huge tech companies headquartered there, but homelessness has skyrocketed as rents continue to rise, leaving some 7,500 people in the city homeless .
While Benioff has said in a statement that he hopes to find "a north star that will shed light on the plight of the homeless," the underlying question is whether billionaires, and the system that allowed Benioff and his peers to accumulate this wealth, They are the real reason for the staggering levels of wealth inequality in the United States. With income inequality rising to the same levels as in the Gilded Age of the 1920s, followed, of course, by the Great Depression, even billionaires are warning about the potential side effects that come from the fact that so few people control so much wealth.
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