With numbers like this, how long will it be before the whole system ruptures?

[hfojvt]

26. How much different are those numbers

from twenty years ago? Or forty?

When you start talking about the globe, well even poor Americans are riding pretty high. About half of the world live on less than $2.50 a day. If they are living on that little, what chance do they have to accumulate wealth?

Also in the "bottom 50%" are people with NEGATIVE net worth. For example, in the 2011 census of wealth, it was said that 10.7 million households had a net worth of less than -$8,610. Their combined net worth then, is less than $92.5 billion. Add Bill Gates to their number, and their total net worth is STILL less than zero. Take away Bill Gates and add all THREE of the Koch brothers and the total net worth is still negative.

But most of those people who are upside down in net worth, are probably still living better than $2.50 per day. In fact, 8% of those in the HIGHEST quintile for income, have zero or negative net worth.

Also, what is the number? How much wealth does it take to be in the top 1% globally. That would be 70 million people or 23 million households. Well, I guess I do not make that, because there are 31 million households in the US alone who have over $250,000 in net worth.

But the top 10% would be about 230 million households, and there are only 52 million households in the US with over $100,000 in net worth. I am guessing that they (myself included) are part of the global top 10% for wealth. Because about 80% of the world lives on less than $10 a day.

And I added quite a bit of personal wealth since 2007, especially when I started working full time in September 2011.

http://www.globalissues.org/article/26/poverty-facts-and-stats