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Registered: 11-2008
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Who owns the world?

Who owns the world?

Richest 1% will own more than half the world’s wealth by next year:

LONDON — The richest 1 per cent of the population will own more than half the world’s wealth by 2016, Oxfam International said in a report released as the World Economic Forum begins in Davos, Switzerland.

Oxfam said the world’s richest people saw their share of global wealth jump to 48 per cent last year from 44 per cent in 2009. Rising inequality is holding back the fight against global poverty as the world’s biggest companies lobby the U.S. and European Union for beneficial tax changes at a time when average taxpayers are still paying the bill for the financial crisis, Oxfam said.

“Do we really want to live in a world where the 1 per cent own more than the rest of us combined?” Winnie Byanyima, Oxfam’s executive director, said in a statement. “The scale of global inequality is quite simply staggering, and despite the issues shooting up the global agenda, the gap between the richest and the rest is widening fast.”

[sign in to see URL]%e2%80%99s-wealth-by-next-year-study/ar-AA8le7a?ocid=mailsignoutmd

{This hogging of the worlds wealth by 1% of the world's richest people is an outrage that is crippling progress in the fight to reduce and eventually eliminate global poverty. Money is power and that includes political power and influence through lobbing and backroom deals. Half the population will end up as pawns in the chess game the 1% play to accumulate more wealth. The world is their oyster and they are eating as fast as they can.

The question is how do we stop it? Taxes doesn't work if the rich can buy the politicians to keep the corporate tax bill low or non existent. If you are running for President of the United States in 2016 you are going to need at least a billion bucks just to enter the race otherwise you are wasting your time. Where is that money going to come from? If 1% of the wealthiest people on earth own half the globes wealth what's to stop them from going after the rest? Greed knows no limits and human life is the cheapest commodity in the known universe. What can be done? Anything? Or is it too late? What do you think?}

"libido sciendi"..... the passion to know.
1/19/2015, 3:31 pm Link to this post PM Noserose

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