85 VS. 3.5 Billion. 85 is winning.......
The richest 85 people control the same wealth as half the planets population……
Literally.
That is 85 people compared with 3.5 billion.
The top 1% control $110,000,000,000,000.00. 65 times the total wealth of the bottom half of the world's population.
The top 85 people control $1,700,000,000,000.00
“the political response to the global financial crisis - including the actions of central banks and the austerity measures introduced by national governments - has made the rich fabulously richer.”
“In the US, the wealthiest 1 per cent of the population grabbed 95 per cent of post-financial crisis growth between 2009 and 2012, while the bottom 90 per cent became poorer.”
“an Oxfam survey of six countries - the United States, UK, Spain, Brazil, India and South Africa - has found that the majority of people believe laws and regulations are skewed in favour of the rich, so people are noticing.” (People are noticing but nothing is changind…..)
''Given the scale of rising wealth concentrations, opportunity capture and unequal political representation are a serious and worrying trend,'' the report says. (Ya think?)
''This massive concentration of economic resources in the hands of fewer people presents a significant threat to inclusive political and economic systems.'' (Ya think?)
Economists say the rise in global inequality is not surprising. (Why would it be surprising….It was planned.)
The US Federal Reserve's multibillion-dollar bond-buying program was singled out as a major driver of the increase in wealth inequality. (Welfare for the rich….. works perfectly every time, despite what the Republicans say. Take it from the regular people and hand it over to the rich people. Then you are done.)
"The distribution of wealth has been widening, both before and after the financial crisis,'' Bank of America chief economist Saul Eslake said.
''And although I don't criticise the policies on these grounds, I think it's fairly apparent that the policies that are being pursued, particularly by central banks, in an attempt to revive major advanced economies after the financial crisis, have probably contributed to widening the distribution of wealth.'' (Ya think?)
http://www.smh.com.au/business/richest-85-boast-same-wealth-as-half-the-world-20140120-314vk.html
Literally.
That is 85 people compared with 3.5 billion.
The top 1% control $110,000,000,000,000.00. 65 times the total wealth of the bottom half of the world's population.
The top 85 people control $1,700,000,000,000.00
“the political response to the global financial crisis - including the actions of central banks and the austerity measures introduced by national governments - has made the rich fabulously richer.”
“In the US, the wealthiest 1 per cent of the population grabbed 95 per cent of post-financial crisis growth between 2009 and 2012, while the bottom 90 per cent became poorer.”
“an Oxfam survey of six countries - the United States, UK, Spain, Brazil, India and South Africa - has found that the majority of people believe laws and regulations are skewed in favour of the rich, so people are noticing.” (People are noticing but nothing is changind…..)
''Given the scale of rising wealth concentrations, opportunity capture and unequal political representation are a serious and worrying trend,'' the report says. (Ya think?)
''This massive concentration of economic resources in the hands of fewer people presents a significant threat to inclusive political and economic systems.'' (Ya think?)
Economists say the rise in global inequality is not surprising. (Why would it be surprising….It was planned.)
The US Federal Reserve's multibillion-dollar bond-buying program was singled out as a major driver of the increase in wealth inequality. (Welfare for the rich….. works perfectly every time, despite what the Republicans say. Take it from the regular people and hand it over to the rich people. Then you are done.)
"The distribution of wealth has been widening, both before and after the financial crisis,'' Bank of America chief economist Saul Eslake said.
''And although I don't criticise the policies on these grounds, I think it's fairly apparent that the policies that are being pursued, particularly by central banks, in an attempt to revive major advanced economies after the financial crisis, have probably contributed to widening the distribution of wealth.'' (Ya think?)
http://www.smh.com.au/business/richest-85-boast-same-wealth-as-half-the-world-20140120-314vk.html
posted by res17 at
January 25, 2014
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