Richest 62 People Control Same Wealth as Poorest Half of World's Population

christiefan915

christiefan915

Catalyst
I'm stunned. Something wrong with a world where this can happen.

"The richest 62 people in the world control more than half of the world's money, according to a new report. That means that those 62 people have the same collective wealth as the world's poorest 3.6 billion people, and the gap between rich and poor is growing wider, the report released by Oxfam states.

The report was released Sunday in the lead up to the World Economic Forum in Davos, Switzerland, which is scheduled to start on Wednesday.

"While such extreme inequality is bad for all of us, it's the poorest among us who suffer the grimmest consequences," President of Oxfam America Raymond C. Offenheiser said in a statement.

The report released by Oxfam, an organization dedicated to fighting poverty, states that the poorest 50% of the world's population is worth an estimated $1.76 trillion, which is also the estimated net worth of the richest 62 people in the world. Their report did not name names, but based their selection on reporting by Forbes.

One of the biggest areas of concern in the report is that the group of the ultra-wealthy are getting wealthier, making the gap between rich and poor more distinct. Just five years ago, the majority of the world's wealth was controlled by 388 people. That means that in those five years, the majority of the world's wealth has been consolidated into the hands of less than one sixth of the number of people who used to control it.

http://news.yahoo.com/richest-62-pe...rest-half-165238838--abc-news-topstories.html
 
christiefan915 said:
I'm stunned. Something wrong with a world where this can happen.

"The richest 62 people in the world control more than half of the world's money, according to a new report. That means that those 62 people have the same collective wealth as the world's poorest 3.6 billion people, and the gap between rich and poor is growing wider, the report released by Oxfam states.

The report was released Sunday in the lead up to the World Economic Forum in Davos, Switzerland, which is scheduled to start on Wednesday.

"While such extreme inequality is bad for all of us, it's the poorest among us who suffer the grimmest consequences," President of Oxfam America Raymond C. Offenheiser said in a statement.

The report released by Oxfam, an organization dedicated to fighting poverty, states that the poorest 50% of the world's population is worth an estimated $1.76 trillion, which is also the estimated net worth of the richest 62 people in the world. Their report did not name names, but based their selection on reporting by Forbes.

One of the biggest areas of concern in the report is that the group of the ultra-wealthy are getting wealthier, making the gap between rich and poor more distinct. Just five years ago, the majority of the world's wealth was controlled by 388 people. That means that in those five years, the majority of the world's wealth has been consolidated into the hands of less than one sixth of the number of people who used to control it.

http://news.yahoo.com/richest-62-pe...rest-half-165238838--abc-news-topstories.html
Click to expand...

This partially why Bernie is earning such traction.
 
Those poor people should get off their ass and find a job....with Obama's booming economy no one should have any trouble finding a job.....LOL
 
christiefan915 said:
I'm stunned. Something wrong with a world where this can happen.

"The richest 62 people in the world control more than half of the world's money, according to a new report. That means that those 62 people have the same collective wealth as the world's poorest 3.6 billion people, and the gap between rich and poor is growing wider, the report released by Oxfam states.

The report was released Sunday in the lead up to the World Economic Forum in Davos, Switzerland, which is scheduled to start on Wednesday.

"While such extreme inequality is bad for all of us, it's the poorest among us who suffer the grimmest consequences," President of Oxfam America Raymond C. Offenheiser said in a statement.

The report released by Oxfam, an organization dedicated to fighting poverty, states that the poorest 50% of the world's population is worth an estimated $1.76 trillion, which is also the estimated net worth of the richest 62 people in the world. Their report did not name names, but based their selection on reporting by Forbes.

One of the biggest areas of concern in the report is that the group of the ultra-wealthy are getting wealthier, making the gap between rich and poor more distinct. Just five years ago, the majority of the world's wealth was controlled by 388 people. That means that in those five years, the majority of the world's wealth has been consolidated into the hands of less than one sixth of the number of people who used to control it.

http://news.yahoo.com/richest-62-pe...rest-half-165238838--abc-news-topstories.html
Click to expand...

actually, I'm surprised that the poorest half of the people in the world have any money.........
 
christiefan915 said:
I'm stunned. Something wrong with a world where this can happen.

"The richest 62 people in the world control more than half of the world's money, according to a new report. That means that those 62 people have the same collective wealth as the world's poorest 3.6 billion people, and the gap between rich and poor is growing wider, the report released by Oxfam states.

The report was released Sunday in the lead up to the World Economic Forum in Davos, Switzerland, which is scheduled to start on Wednesday.

"While such extreme inequality is bad for all of us, it's the poorest among us who suffer the grimmest consequences," President of Oxfam America Raymond C. Offenheiser said in a statement.

The report released by Oxfam, an organization dedicated to fighting poverty, states that the poorest 50% of the world's population is worth an estimated $1.76 trillion, which is also the estimated net worth of the richest 62 people in the world. Their report did not name names, but based their selection on reporting by Forbes.

One of the biggest areas of concern in the report is that the group of the ultra-wealthy are getting wealthier, making the gap between rich and poor more distinct. Just five years ago, the majority of the world's wealth was controlled by 388 people. That means that in those five years, the majority of the world's wealth has been consolidated into the hands of less than one sixth of the number of people who used to control it.

http://news.yahoo.com/richest-62-pe...rest-half-165238838--abc-news-topstories.html
Click to expand...

What is the benefit of putting a cap on what one can accomplish (financially)? Because that's essentially the argument here.

The other big issue is the corrupt governments around the world that keep their people poor. How much more involvement in those countries should the world have?
 
cawacko said:
What is the benefit of putting a cap on what one can accomplish (financially)? Because that's essentially the argument here.

The other big issue is the corrupt governments around the world that keep their people poor. How much more involvement in those countries should the world have?
Click to expand...

What do you think cawacko?
 
Its actually not that crazy at all.

Do you understand how money and income works?

Also you are comparing across currencies.
 
having that much share of the worlds assets is not a good thing for society.


you being a sociopath you cant understand why
 
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