[GHung]

$this->bbcode_second_pass_quote('', 'T')he combined wealth of the richest 1 percent will overtake that of the other 99 percent of people next year unless the current trend of rising inequality is checked, Oxfam warned today ahead of the annual World Economic Forum meeting in Davos.

The international agency, whose executive director Winnie Byanyima will co-chair the Davos event, warned that the explosion in inequality is holding back the fight against global poverty at a time when 1 in 9 people do not have enough to eat and more than a billion people still live on less than $1.25-a-day.

Byanyima will use her position at Davos to call for urgent action to stem this rising tide of inequality, starting with a crackdown on tax dodging by corporations, and to push for progress towards a global deal on climate change.

Wealth: Having It All and Wanting More, a research paper published today by Oxfam, shows that the richest 1 percent have seen their share of global wealth increase from 44 percent in 2009 to 48 percent in 2014 and at this rate will be more than 50 percent in 2016. Members of this global elite had an average wealth of $2.7 million per adult in 2014.

Wealth: Having It All and Wanting More, a research paper published today by Oxfam, shows that the richest 1 percent have seen their share of global wealth increase from 44 percent in 2009 to 48 percent in 2014 and at this rate will be more than 50 percent in 2016. Members of this global elite had an average wealth of $2.7 million per adult in 2014.

Of the remaining 52 percent of global wealth, almost all (46 percent) is owned by the rest of the richest fifth of the world’s population. The other 80 percent share just 5.5 percent and had an average wealth of $3,851 per adult – that’s 1/700th of the average wealth of the 1 percent....

More: http://www.oxfam.org/en/pressroom/press ... -rest-2016

[vox_mundi]

The question the 1% are asking themselves is: "What to do with all the empty eaters?"

$this->bbcode_second_pass_quote('', 'F')or six hours, the assembled billionaires discussed the crises facing the world. Each was allowed to speak for 15 minutes. The topics focused on education, emergency relief, government reform, the expected depth of the economic crisis and global health issues such as overpopulation and disease.

[Pops]

Rich folks own quite a bit. In fact much of that wealth is bits, just digital bits and bytes that represent some imagined value somewhere. That wealth is the epitome of ephemeral; nanoseconds without added energy and continued economic growth.

Wealth inequality is a problem for the current system, the next one not so much.

[AndyA]

If you have more then 100k in wealth, you are in the top 8%. Most of the world is dirt poor.

Seeing as the worlds richest, and world leaders are at this summit, I don't really see much changing. If the rich wanted to share the wealth they would, obviously they don't, so why pretend otherwise?

[dolanbaker]

$this->bbcode_second_pass_quote('AndyA', 'I')f you have more then 100k in wealth, you are in the top 8%. Most of the world is dirt poor.

[phaster]

$this->bbcode_second_pass_quote('Pops', 'R')ich folks own quite a bit. In fact much of that wealth is bits, just digital bits and bytes that represent some imagined value somewhere. That wealth is the epitome of ephemeral; nanoseconds without added energy and continued economic growth.

Wealth inequality is a problem for the current system, the next one not so much.

[AndyA]

$this->bbcode_second_pass_quote('dolanbaker', '')$this->bbcode_second_pass_quote('AndyA', 'I')f you have more then 100k in wealth, you are in the top 8%. Most of the world is dirt poor.

[davep]

Whenever the "business cycle" inherent in the debt-based money system goes through a phase of reduced money supply there is always a consolidation of wealth amongst the elite.

[Revi]

They can choke on all their wealth. It doesn't work out too well in the end for most people in their situation. They are already planning their doomsteads in New Zealand and other places. I don't think it's going to work out too well for them. They should be figuring out a way to employ a lot of people, so that they will be invested in their situation.

Maybe they should start to build a big feudal empire some place in the US. At least people would be eating, and less likely to revolt.

[vtsnowedin]

$this->bbcode_second_pass_quote('Revi', 'T')hey can choke on all their wealth. It doesn't work out too well in the end for most people in their situation. They are already planning their doomsteads in New Zealand and other places. I don't think it's going to work out too well for them. They should be figuring out a way to employ a lot of people, so that they will be invested in their situation.

Maybe they should start to build a big feudal empire some place in the US. At least people would be eating, and less likely to revolt.

[Lore]

Close enough to the truth pstarr. Except I believe gadgets like iPhones will be useless coasters. Deactivated for simpler devices. No more mass Google adverts, Facebook friends, or iStore app purchases to drive the replaceable product market.

[phaster]

made a observation a few months ago about wealth and since then I saw something on TV that confirms 99% of the 1% need a raise...

http://thedailyshow.cc.com/news-team/cd ... -of-the-1-

[Quinny]

Video not available in my location

We don't need a raise though. We need to rise up, smash the system and take control of the means of production!

[Outcast_Searcher]

$this->bbcode_second_pass_quote('davep', 'W')henever the "business cycle" inherent in the debt-based money system goes through a phase of reduced money supply there is always a consolidation of wealth amongst the elite.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('Quinny', 'V')ideo not available in my location

We don't need a raise though. We need to rise up, smash the system and take control of the means of production!

[Outcast_Searcher]

$this->bbcode_second_pass_quote('GASMON', 'T')rouble is the REALLY wealthy, the less than 0.001% have it all figured out. They already have total control over the state, police, armed forces, essentials (food etc) production, distribution & supply. You name it, if THEY need it, they control it, already, 100%.

They also control the media, internet, radio, tv, etc.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('vtsnowedin', '')$this->bbcode_second_pass_quote('Revi', 'T')hey can choke on all their wealth. It doesn't work out too well in the end for most people in their situation. They are already planning their doomsteads in New Zealand and other places. I don't think it's going to work out too well for them. They should be figuring out a way to employ a lot of people, so that they will be invested in their situation.

Maybe they should start to build a big feudal empire some place in the US. At least people would be eating, and less likely to revolt.