Cassius Methyl
Activist Post
According to studies from Oxfam International, The 85 richest people on the planet have approximately the same amount of wealth as the bottom half of the entire population. It is speculated that the wealth of the wealthiest individuals in the world is greater than the public knows, but according to even these studies, the wealthiest people in the world are still quite wealthy, while the citizens of the world are left to starve and work for crumbs.
The alleged 85 wealthiest individuals on Earth, a very small fraction of the “1%” , own about 46% of all wealth on Earth, according to a report titled “Working For the Few.”
These 85 people allegedly have about $110 trillion in wealth.
How bad must the divide be, between the wealth of the citizens and the wealth of these barons, if these are the numbers openly declared? Wouldn’t you think that the reality is actually worse than the statements of this report, and how much worse is the disparity in reality?
Mainstream media outlets covered this report, while Barack Obama has pretended to take a stand against the wealth disparity he surely contributed to, saying the disparity between the rich and poor was a bigger threat to the U.S. economy than the budget deficit.
It seems the best way to know what the numbers are is to objectively do research, to take matters into our own hands, rather than depending on a body of people to tell us what the statistics are. But the trend is clear: the Oxfam report cited “rigged rules” as a leading cause of the current disparity.
…seven out of ten people live in countries where economic inequality has increased in the last 30 years. Besides, the richest one per cent increased their share of income in 24 out of 26 countries for which we have data between 1980 and 2012.
In any case, the ‘elite’ grow wealthier every day, while many people starve and die as “austerity” measures are impressed on the masses.
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