General Discussion

muriel_volestrangler

(106,263 posts)

39. Excluding small Caribbean nations, wealth inequality in Russia is the highest in the world

Mon Mar 3, 2014, 06:23 AM

Mar 2014

Excluding small Caribbean nations with resident billionaires,
wealth inequality in Russia is the highest in the world.
Worldwide there is one billionaire for every USD 194 billion in
household wealth; Russia has one billionaire for every USD 15
billion. Worldwide, billionaires collectively account for less than
2% of total household wealth; in Russia today, around 100
billionaires own 30% of all personal assets.

http://economics.uwo.ca/news/Davies_CreditSuisse_Oct12.pdf

The USA has a median wealth of $38,786, and a mean wealth of $262,351 - 6.8 times the median. That indicates a lot of inequality. Japan's ratio is much lower - 1.9 times. The UK's is 2.2, India 4.5, China 2.7. Russia has median wealth of $1,267 and mean of $12,161 - a ratio of 9.6. The austerity in Russia is huge, apart from the rich elite. They are the predators.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

42 replies

= new reply since forum marked as read

Highlight:

G-7 leaders declare Russia's actions to be illegal, may cancel G-8 summit in Sochi [View all] geek tragedy Mar 2014 OP

the G7 predators swirl around the carcass frwrfpos Mar 2014 #1

LMAO, preach it comrade, only Mother Russia stands up for freedom against geek tragedy Mar 2014 #2

The poster you replied to has been a pretty amusing read Pretzel_Warrior Mar 2014 #4

sorry that makes you upset frwrfpos Mar 2014 #5

no, you are actually quite enterataining geek tragedy Mar 2014 #6

everything Ive said has literally happened in the news in the last couple days frwrfpos Mar 2014 #7

Oh wow, I want to see those posts. joshcryer Mar 2014 #23

Oh God, this is priceless. NuclearDem Mar 2014 #9

allow me to put your post into context frwrfpos Mar 2014 #10

Right! Because that was Obama that lied us into Iraq. NuclearDem Mar 2014 #11

Obama gave a pass to the entire Bush regime frwrfpos Mar 2014 #12

While enabling the fascists in their own country. NuclearDem Mar 2014 #13

did the truth of my post frwrfpos Mar 2014 #14

I'm not sure you know what that word means. NuclearDem Mar 2014 #16

what word did you mean frwrfpos Mar 2014 #18

Russia always threatens to shut off the gas supplies and sometimes does. amandabeech Mar 2014 #20

You seem giddy about Russia's invasion of the Ukraine. Cali_Democrat Mar 2014 #25

Are you seriously touting Russia as the good guys here? NT Adrahil Mar 2014 #26

They aren't even communist anymore BainsBane Mar 2014 #30

Probably a cave, if you know what I mean nt geek tragedy Mar 2014 #32

Maybe BainsBane Mar 2014 #33

The IMF terms were negotiated by the last government BainsBane Mar 2014 #28

Excluding small Caribbean nations, wealth inequality in Russia is the highest in the world muriel_volestrangler Mar 2014 #39

They should reschedule a G7 meeting in Kiev Pretzel_Warrior Mar 2014 #3

I'm surprised at the lack of introspection when it comes to the G8 meeting in Canada in 2010. polly7 Mar 2014 #40

I guess it shows who has the juice in that organization Pretzel_Warrior Mar 2014 #41

Not sure that's something to be proud of at all by those members, really. polly7 Mar 2014 #42

check out this link on how dandy the "new" Ukrainian "government" is frwrfpos Mar 2014 #8

Thanks for the link CANDO Mar 2014 #22

As long as none of the 7 send troops or bombs to Ukraine or Russia. morningfog Mar 2014 #15

K&R. Happy to be 5th rec Pretzel_Warrior Mar 2014 #17

thought I would post this again since I got no response frwrfpos Mar 2014 #19

I notice you didn't post anything with reference to Yanukovich's corruption. NT Adrahil Mar 2014 #27

Looks like parts of the Ukrainian military have already decided the matter. idendoit Mar 2014 #21

Russia is interested in far more than Crimea BainsBane Mar 2014 #29

Tell us more. idendoit Mar 2014 #31

Are you going to claim that their intervention in Crimea is unrelated BainsBane Mar 2014 #34

Russia cares most right now about maintaining control of Sevastopol and bases. idendoit Mar 2014 #37

Correct me if I am wrong, but didn't we invade a sovereign nation or two in the 21st century? Cheese4TheRat Mar 2014 #24

We did, and it was wrong BainsBane Mar 2014 #35

Not all people here opposed The Iraqi war. Cheese4TheRat Mar 2014 #38

How about giving Ukraine back the nukes they gave up in return for US/UK guarantee kelly1mm Mar 2014 #36