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The 1% now owns 50% of world wealth
Message
From
21/01/2015 04:39:33
Metin Emre
Ozcom Bilgisayar Ltd.
Istanbul, Turkey
 
 
To
20/01/2015 05:16:07
General information
Forum:
Finances
Category:
Other
Miscellaneous
Thread ID:
01613922
Message ID:
01613996
Views:
33
>>Or at least it will shortly:
>>
>>http://www.theguardian.com/business/2015/jan/19/global-wealth-oxfam-inequality-davos-economic-summit-switzerland
>>
>>The study also says that the world's 80 wealthiest people own more than the poorest 50% of the world.The study points to the increase of inherited wealth (over a third of the Forbes-listed billionaires inherited) with recipients using their wealth to lobby for further advantage, e.g. $550M used to lobby Washington and EU bureaucrats in 2013.
>>
>>Karl Marx may have been wrong about the timing of wealth concentration, but these levels are heading back to 19th century levels that resulted in sudden vigorous change, usually involving the 1% being "assisted" to share the wealth.
>
>In the UK the government has just issued pensioner bonds. Over 65s can invest and get a better rate of interest. It was oversubscribed (naturally) as well off pensioners with large amounts to invest bought them up. What young people struggling with unpaid internships, large students loans and the prospect of not retiring till 70+ made of that I don't know.

Don't say me England is a social country. You know, Norway shares oil revenues with norway people. :)
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