Oxfam: 80 people control more wealth than 3.5 billion; global top 1% more than the 99%

[ND-Dem]

Global wealth is becoming increasing concentrated among a small wealthy elite.
Data from Credit Suisse shows that since 2010, the richest 1% of adults in the
world have been increasing their share of total global wealth. Figure 1 shows that
2010 marks an inflection point in the share of global wealth going to this group.

In 2014, the richest 1% of people in the world owned 48% of global wealth,
leaving just 52% to be shared between the other 99% of adults on the planet.1

Almost all of that 52% is owned by those included in the richest 20%, leaving just
5.5% for the remaining 80% of people in the world.

If this trend continues of an increasing wealth share to the richest, the top 1% will have more wealth than the remaining 99% of people in just two years, as shown on Figure 2, with the wealth share of the top 1% exceeding 50% by 2016...

The wealth of these 80 individuals is now the same as that owned by the bottom
50% of the global population, such that 3.5 billion people share between them the
same amount of wealth as that of these extremely wealthy 80 people.

http://www.oxfam.org/sites/www.oxfam.org/files/file_attachments/ib-wealth-having-all-wanting-more-190115-en.pdf

[Bonobo]

2. There is no "moral right" to take more than your due.

THAT is an invention of the modern age.

Throughout history, such matters were dealt with differently.

[ND-Dem]

5. the 'strong' have a different idea of what they are due than the 'weak'.

[pampango]

8. I agree with your premise but am not so sure "THAT is an invention of the modern age" as applied

to the strong taking more than their due, is accurate. Kings, emperors and others have taken have exercised a 'moral right' to take more than their share.

Some here argue that it is still acceptable, not so much that the financially rich have that right, but that the militarily 'rich' have more rights than the militarily 'poor'.

[Bonobo]

9. You are right of course.

What I meant to say and should have said is that it is only fairly recently that the upper class had such overwhelming military power that they could maintain this inequity.

For the longest time, 100 people with axe handles and torches could have gotten a lot done. I think you know what I mean. Look at the Shay's Rebellion for example. Decide that the taxes are unfair, a mob takes some clubs and torches and they burn the tax records and strong arm the magistrate. Not possible now.

[newfie11]

3. This will not end well

And it will end.

[ND-Dem]

4. I hope to god it will end.

[DeSwiss]

6. We're not going to ''FIX'' this by dicking around with these wankers.

This modernized system of feudalism must go!

No one owns shit!

Least of all these poor excuses for human-DNA repositories, called 1%ers.

How the hell can we elect our way out of this shit in a system they own and control?

Not possible.

- The only thing you have to fear is fear itself.



K&R

[Enthusiast]

7. The 1% has more because they are working hard. The 99% are hardly working.

Very simple.

Don't start with the politics of envy.

[ND-Dem]

10. lol. i don't think people are going to buy that too much longer. at least, not the bottom 90%.

[a kennedy]

11. But why isn't this on the top of EVERY news show EVERY DAY?????

Why isn't this being talked about over and over until it sinks in that they ARE OUT TO GET US, or at least get all of our money.

[ND-Dem]

12. why would it be on the news? who owns the news? 'they' do. the only way it gets

talked about on the news is if one faction is fighting another. once one wins, 'they' roll up the sideshow again.

[your bunny wrote]

13. its lie

just 1% is very cunning
and 99% isnt cunning .

[ND-Dem]

17. i think the poster was being sarcastic

[your bunny wrote]

18. ah , really .

[jwirr]

14. Wonder if the names of these 80 individuals is available?

[ND-Dem]

15. Meet The 80 People Who Are As Rich As Half The World

http://www.democraticunderground.com/1016111960

[jwirr]

16. Thank you. Interesting and not all from the USA.

[woo me with science]

19. kick

[Ramses]

20. Pure theft

greed is arguably the worst human attribute

[woo me with science]

21. +1000000 Murderous greed.