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Richest 1% own half the world's wealth, study finds
Credit Suisse report highlights increasing gap between the super-rich and the remainder of the globe’s population
The world’s richest people have seen their share of the globe’s total wealth increase from 42.5% at the height of the 2008 financial crisis to 50.1% in 2017, or $140tn (£106tn), according to Credit Suisse’s global wealth report published on Tuesday. “The share of the top 1% has been on an upward path ever since [the crisis], passing the 2000 level in 2013 and achieving new peaks every year thereafter,” the annual report said. The bank said “global wealth inequality has certainly been high and rising in the post-crisis period”.
We should have a WORLD STRIKE and stop doing anything for them until they agree to look after us better. DROP TOOLS! Don't mend their super yacht when it needs repairing, don't repair their cars, don't build their houses or taxi them about town, don't sleep with them if you are one of their hookers, don't serve them in restaurants, refuse to work at their bank kiosks or supermarkets.
To be honest, this ruling class is a disease and the world is suffering from it!
originally posted by: ketsuko
Define "suffering austerity."
We are being totally screwed. It is so sad that so few see this. If we all saw it then we would stand a chance of correcting it
originally posted by: Revolution9
stop doing anything for them until they agree to look after us better
If the poor could somehow be persuaded to watch daytime TV in the provinces the world would be a better place.
originally posted by: iTruthSeeker
a reply to: supermouse
If the poor could somehow be persuaded to watch daytime TV in the provinces the world would be a better place.
So more TV is the answer to a sleeping populous?
Richest 1% own half the world's wealth, study finds
Richest 1% own half the world's wealth, study finds
originally posted by: supermouse
originally posted by: Revolution9
stop doing anything for them until they agree to look after us better
Or you could look after yourselves...
I've noticed the opposite problem. There has been no austerity and public largesse continues to increase.
For example, the poor have doubled the proportion of London housing they occupy over the last decades. Forcing the rich to spend up to four hours a day traveling in to work, plus all the environmental problems this causes. If the poor could somehow be persuaded to watch daytime TV in the provinces the world would be a better place.
Tax rates have been rising too. If you're in the 60+ percent tax bracket plus paying two lots of VAT at 20 percent each, you can be the same or worse off than someone on minimum wage who works a few hours while scamming for tax credits.
I'm kind of a philanthropist, but often shocked at how ungrateful the "poor" seem to be.
I also subsidise the ultra wealthy, billionaires get huge handouts to look after their racehorses, millionaire landlords live almost entirely on housing benefits, housebuilders are getting rich on help to sell.
Really, what we need is to try to stand on our own two feet rather than suckling on the teat of the poor taxpayer.
Probably do more for your self-respect as well.
originally posted by: intrptr
a reply to: Revolution9
Richest 1% own half the world's wealth, study finds
The reason the system has to collapse is because these richest few compete amongst themselves who has the most wealth. The race between them makes sense to them, nothing else matters to the greediest people on the planet.
Why Nero fiddled while Rome burned.
Why Hitler issued his "Scorched Earth" proclamation.
Why the current cycle of endless war, debt and destruction will continue until the End.
Nero actually helped with trying to put the fires out.