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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThis is just sick and wrong.....1% will soon own two thirds of all the worlds wealth.
The worlds richest 1% are on course to control as much as two-thirds of the worlds wealth by 2030, according to a shocking analysis that has lead to a cross-party call for action.
World leaders are being warned that the continued accumulation of wealth at the top will fuel growing distrust and anger over the coming decade unless action is taken to restore the balance.
An alarming projection produced by the House of Commons library suggests that if trends seen since the 2008 financial crash were to continue, then the top 1% will hold 64% of the worlds wealth by 2030. Even taking the financial crash into account, and measuring their assets over a longer period, they would still hold more than half of all wealth.
Since 2008, the wealth of the richest 1% has been growing at an average of 6% a year much faster than the 3% growth in wealth of the remaining 99% of the worlds population. Should that continue, the top 1% would hold wealth equating to $305tn (£216.5tn) up from $140tn today.
https://www.theguardian.com/business/2018/apr/07/global-inequality-tipping-point-2030
chuckstevens
(1,201 posts)Wednesdays
(17,380 posts)rzemanfl
(29,565 posts)Farmer-Rick
(10,185 posts)enough
(13,259 posts)democratisphere
(17,235 posts)Yeah baby!
raven mad
(4,940 posts)RESIST!
LastLiberal in PalmSprings
(12,586 posts)Sharpen the blade and go basket shopping at Bed, Bath and Behead. The peasants are about to revolt.
TheFrenchRazor
(2,116 posts)Matthew28
(1,798 posts)like the koch brothers that now control the gop want that number to be at least 90%. They think the bottom 90% should starve and worship them as gods.
They think we don't deserve healthcare, education or clean air, water and food.
These cockroaches need to be removed from power!
moondust
(19,993 posts)Reagan and Thatcher are giggling at how their "trickle down" "voodoo economics" scam has lasted this long and succeeded beyond their wildest dreams.