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Ain't it Grand? 18 Million "Makers" right here in 'Murka!!
http://www.bbc.com/news/magazine-30949796?ns_mchannel=email&ns_source=inxmail_newsletter&ns_campaign=bbcnewsmagazine_news__&ns_linkname=na&ns_fee=0
As the business and political elite met at the World Economic Forum in Davos this week, there was much talk of rising inequality, and many references to the "wealthiest 1%". The phrase conjures up images of billionaires living on private islands - but is that who the 1% really are?
A report by the charity Oxfam released to coincide with the Davos gathering caused a stir by predicting that the wealthiest 1% will soon own more than the rest of the world's population.
It drew on research from the bank Credit Suisse, which estimated total global household wealth in 2014 at $263tn (£175tn).
That's wealth, not income. It is calculated as assets minus debt.
Octafish
(55,745 posts)Birthplace of the Middle Class and the Arsenal of Democracy...
...forgotten in these, the richest time in human history.
Tierra_y_Libertad
(50,414 posts)malaise
(268,930 posts)the sad truth!
Enrique
(27,461 posts)when the trickle down starts happening, we are well positioned.