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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsRichest 1% on target to own two-thirds of all wealth by 2030
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.
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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 $305 trillion up from $140 trillion today.
New polling by Opinium suggests that voters perceive a major problem with the influence exerted by the very wealthy.
https://www.theguardian.com/business/2018/apr/07/global-inequality-tipping-point-2030
David__77
(23,419 posts)And certainly not when not everyone has good health care, education, working conditions, housing, and leisure/rest.
Igel
(35,317 posts)But they also set their baseline right after a huge devaluation of assets, so that they have a fairly biased starting point.
If they'd picked 2007 or nearly any year before that they'd have a rather different result. If they picked 2009 or any year after that they'd have a rather different result. 2008 was picked to give the kind of result they wanted.
jalan48
(13,870 posts)of Americans barely getting by.
Ilsa
(61,695 posts)GeorgeGist
(25,321 posts)they may own nothing.
Blue_true
(31,261 posts)Or what happened to the upper classes after the French and Russian revolutions? They had everything, then they had nothing, in some cases, not even life.
Binkie The Clown
(7,911 posts)once our changing climate no longer supports large-scale agriculture.
Blue_true
(31,261 posts)Unfortunately, owning those towers and the means to operate them will again favor the rich.
I don't expect the rich to starve in anyway other than in prison after a revolution. History has shown time after time that when wealth becomes hyper concentrated in a few hands, revolutions result and wealth is redistributed, often with, murder, chaos and dictatorship existing during that process.
Blue_true
(31,261 posts)Depending on what is being grown. And there is no need for sunlight due to tuned grow lights giving plants the exact wavelength for optimal growth and yield. Scary shit, but a reality that is coming.