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Re: Visualizing The Extreme Concentration Of Global Wealth 

By: Zimbler0 in POPE 5 | Recommend this post (1)
Wed, 02 Jan 19 6:40 AM | 51 view(s)
Boardmark this board | Pope 5 		Msg. 18881 of 62138
(This msg. is a reply to 18874 by capt_nemo)
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So what is new?

The Rich have always had the lions share of the wealth.

If you REALLY want to do something about it - Capitalism is the answer.

'They' talked about the 'swelling ranks of the Middle Class - in China.
Capitalism is how China did it.

Add in some anti-trust laws. Break up the biggest ugliest monopolies.
Use regulation sparingly - but stringently where it is most needed.
(Like for Power companies.) And re-enact Glass Steagall to further
curb some of capitalisms worst tendencies.

Grow the Middle Class and get the bulk of the people into it.
After that, who really cares what the uber-rich do.

Zim.




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Mad Poet Strikes Again.


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The above is a reply to the following message:
Visualizing The Extreme Concentration Of Global Wealth
By: capt_nemo in POPE 5
Wed, 02 Jan 19 6:27 AM 		Msg. 18874 of 62138

In recent decades, extreme world poverty has declined significantly and many millions of people have joined the swelling ranks of the middle class – particularly in China.

While these economic shifts are positive, Visual Capitalist's Nick Routley notes that it’s the other end of the global wealth spectrum that attracts the most attention. A high degree of wealth creation is amassed by those at the top of the economic pyramid.

THE TOP-HEAVY WEALTH SPECTRUM
Today, slightly less than 1% of the world’s adult population occupies the $1M+ wealth range. Despite their small numbers, this elite group collectively controls 46% of the world’s wealth, valued at approximately $129 trillion.

http://www.zerohedge.com/news/2019-01-01/visualizing-extreme-concentration-global-wealth?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

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