The super rich continue doubling their wealth
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80 richest people are wealthier than the bottom half of world population.
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The number of richest people in the world has more than doubled since the financial crisis, up from 793 in March 2009 to 1,645 in March 2014. Their aggregate net worth is $6.4 trillion, up from $5.4 trillion just a year ago, according to Forbes.
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No of billionaires in Britain doubles in 5 years, their wealth up 2.2 folds since 2005.
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There is an “unprecedented increase” in rates of severe material deprivation, according to Unicef’s global report.
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More than one in four children in the UK are now living in poverty.
The United States
U.S. has the second highest relative child poverty rates in the developed world, according to a 2013 UNICEF report.
In 2013, about 50 million Americans were living in food insecure homes including 16.7 million children—an all time record.
Australia
One in Six of All Australian Children Live in Poverty
New Zealand
One in four Kiwi children, or more than 265,000, are living in poverty. But the corporate media say New Zealand is the 8th Happiest Country. “[Presumably among those with the highest rates of suicide.]”
Two out of five impoverished kiwi kids live in working families, yet for “each kiwi child in poverty, NZ Govt spends $10,000 (NZ$13,000) on the military [to stop Ottoman Empire advancing on Otago!]”
The United Kingdom
The richest people in Britain more than doubled their wealth over the last decade, according to the Sunday Times Rich List 2015*.
In contrast, 78 per cent of UK teachers surveyed (sample size: 2,452) said they “had seen pupils lacking energy and concentration as a result of eating poorly, 69 per cent had seen pupils coming to school hungry, and 80 per cent had seen pupils attending school in inappropriate winter clothing,” said a report.
The 1,000 wealthiest individuals and families in Britain now have a combined wealth of more than $838 billion (£547.126 billion), according to the list.
The figure has more than doubled since 2005 (£547 billion in 2015 compared with under £250billion in 2014), despite the global economic recession.
The 2015 list includes 117 billionaires, up from 104 last year, and more than twice the number of 53 just five years ago.
A minimum of about $153 million was required to make it into the UK’s top 1,000 richest people list this year [c.f, $23m in 1997,] said the report.
At least 80 of the UK’s wealthiest are based in London, making the capital home to more billionaires than any other city in the world.
In Eat your heart out, Alice! Fire-Earth said:
The number of richest people in the world has more than doubled since the financial crisis, up from 793 in March 2009 to 1,645 in March 2014. Their aggregate net worth is $6.4 trillion, up from $5.4 trillion just a year ago, according to Forbes.
In Richest one percent to own 50 percent of world’s wealth, Fire-Earth said:
80 richest people are wealthier than the bottom half of world population.
World’s richest 1% owned 48% of global wealth in 2014, with the remaining 52% shared between the other 99% of adults on the planet. “Almost all of that 52% is owned by those included in the richest 20%, leaving just 5.5% for the remaining 80% of people in the world,” says Oxfam, a British-based “anti-poverty”organization, in a new report.
The top 1% are projected to have more than 50% of total global wealth by 2016,according to data collated by Credit Suisse.
Wealth of the 80 richest people in the world has doubled in nominal terms in the 6 year-period between 2009 and 2014, while the wealth of the bottom 50% has decreased over the same period.
These 80 individuals have more wealth than the combined wealth of the bottom 50% of the global population (more than 3.5 billion people).
In 2010, the number of richest individuals who owned same amount of wealth as bottom half of the world’s population was 388.
“Global wealth is increasingly concentrated in the hands of a small wealthy elite. The richest 1% of adults in the world have been increasing their share of total global wealth.” says the Oxfam report.
“The very richest of the top 1%, the billionaires on the Forbes list, have seen their wealth accumulate even faster over this period. In 2010, the richest 80 people in the world had a net wealth of $1.3tn. By 2014, the 80 people who top the Forbes rich list had a collective wealth of $1.9tn; an increase of $600bn in just 4 years, or 50% in nominal terms. Meanwhile, between 2002 and 2010 the total wealth of the poorest half of the world in current US$ had been increasing more or less at the same rate as that of billionaires; however since 2010, it has been decreasing over this time.”
The number of richest people in the world has more than doubled since the financial crisis, up from 793 in March 2009 to 1,645 in March 2014. Their aggregate net worth is $6.4 trillion, up from $5.4 trillion just a year ago, according to Forbes.
“This group of people is far from being globally representative. Almost 30% of them (492 people) are citizens of the USA,” said Oxfam.
What’s NOT immediately obvious in the Oxfam report is that about 0.00000001 percent of the population, or one in 100 million people, has a monopoly over the global economic and therefore political power, i.e., absolute power.
[Note: The Sunday Times is owned by Rupert Murdoch.]
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