Tuesday, January 21, 2014

World's 85 people own the wealth equal to half of the population of the world

The combined wealth of the world's richest 85 people is now equivalent to that owned by half of the world's population – or 3.5 billion of the poorest people – according to a new report from Oxfam.

The wealth of the richest 1% in the world is now 65 times the total wealth of the 
bottom half of the world's people, Oxfam says.

Read more here.

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  1. Sobering and totally unacceptable, LD.

  2. Lorne, I don't think anything will be done about it. As a matter of fact disparity is increasing as both Russia and China has now multi-billionaires as the communism has fizzled out and capitalism is taking over.

    We already know that the situation in North America and Europe is dismal.