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Today Credit Suisse released its latest annual global wealth report, which traditionally lays out what is perhaps the biggest reason for the recent "anti-establishment" revulsion: an unprecedented concentration of wealth among a handful of people, as shown in its infamous global wealth pyramid, an arrangement which as observed by the "shocking" political backlash of the past few months suggests that the lower 'levels' of the pyramid are increasingly unhappy about.
As Credit Suisse tantalizingly shows year after year, the number of people who control just shy of a majority of global net worth, or 45.6% of the roughly $255 trillion in household wealth, is declining progressively relative to the total population of the world, and in 2016 the number of people who are worth more than $1 million was just 33 million, roughly 0.7% of the world's population of adults. On the other end of the pyramid, some 3.5 billion adults had a net worth of less than $10,000, accounting for just about $6 trillion in household wealth. And inbetween is the so-called global middle class - those 1 billion people who rising anger at the status quo made Brexit and Trump possible.
originally posted by: crazyewok
a reply to: Edumakated
The problem is if wealth keeps trickerling up then eventually 0.1% will be living in utopia and everyone else will litrally be living in the gutter.
Our standard of living wont just stay the same, it will plummet.
Most the middle class are seeing this right now as we have to do with less more and more. Meanwhile some saudi oil baron or a Rothchild bankers gets a new golden palace to add to the dozen others (subsized half the time through tax payer money).....
This applys to you too and your children. You will be squeezed more and more through taxes and lost buisness.
No one will be safe unless you are in that select group of the neo aristocracy that control the worlds economy and politics.