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Top 1 Percent Own More Than Half of Worlds Wealth


Business  (tags: USA, wealth inequality, US economy, super rich, economic cancer )

Sheryl
- 1371 days ago - wsws.org
Far from demonstrating the health of the US economy, this disproportionate growth of the super-rich resembles the spread of a cancer that is rapidly metastasizing, with fatal consequences for the entire social organism.



   

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Comments

Sheryl G (359)
Monday October 19, 2015, 4:40 am
These disparities between countries, like the growing social disparities within countries, have immense significance for world politics.

US imperialism uses both its preeminent military position and the role of the dollar, still the world’s main reserve currency, as weapons in seeking to offset its economic decline relative to its major rivals.

America is both a social powder keg, with class tensions at home approaching the breaking point, and the most destabilizing force in world politics, seeking to maintain its position of global dominance by increasingly reckless and militaristic methods.
 

Bernadette Porter (173)
Monday October 19, 2015, 5:00 am
Very unsettling! Thank you for posting, Dandelion!
 

Animae C (508)
Monday October 19, 2015, 5:12 am
The empire will eventually fall.
 

Sheryl G (359)
Monday October 19, 2015, 5:15 am
To combat this inequality.....whereby the USA is the largest slice and the billionaires within that slice you need this.
Political Revolution
 

Darren Woolsey (218)
Monday October 19, 2015, 7:41 am
The word "imbalance" springs to mind. . . how this can possibly considered as healthy is beyond common sense. . .
 

Past Member (0)
Monday October 19, 2015, 8:05 am
Simply disgusting. Goes to show the level of both corruption+sociopaths in society which are harmonious. thx Dandelion
 

Gene J (289)
Monday October 19, 2015, 12:50 pm
I've known about this stat for a while now, I don't know how long it has been true, or don't remember, but what it is, is just one of the most obscene miscarriages of natural law justice I've ever been witness too. How did we, as a WORLD, ever let things get so horribly askew? This is what wealth inequality means. This is what politicians who talk about changing it mean. It is simply morally wrong that this situation exists. I don't care about who owns what or contributes what, there is no justification for 1% of the people essentially controlling the lives of the rest of us. Upon such imbalances in the past, revolutions have been based. And will again, if this is not corrected somehow.
 

JL A (281)
Monday October 19, 2015, 12:52 pm
Clear picture of an unbalanced economy prone to topling. Thanks Dandelion
 

Danuta Watola (1251)
Monday October 19, 2015, 2:50 pm
noted
 

pam w (139)
Tuesday October 20, 2015, 5:50 am
OLIGARCHY RULES!
 

BackSoon Fowler (33)
Tuesday October 20, 2015, 7:45 am
No wonder we have an unbalanced world. Thanks Dandelion
 

Roberto MARINI (88)
Tuesday October 20, 2015, 8:01 am
this inequality is an injustice
 

Birgit W (160)
Tuesday October 20, 2015, 8:31 am
This has to change! Thanks for sharing Dandelion
 

Patricia Cannell (818)
Tuesday October 20, 2015, 8:46 am
Sick of this ......please check this out. I beleive everyone should watch this....Thanks!

https://www.youtube.com/watch?v=YY7f1t9y9a0
 

Lois Jordan (63)
Tuesday October 20, 2015, 2:48 pm
Noted. Thanks for posting, Dandelion.
So, if nearly half of the wealthiest live in the U.S., I guess they are pleased with our tax laws; otherwise they'd live in another country. It makes no sense that they are screaming that their taxes are too high and they want them lowered further. All part of a calculated movement by the wealthiest to just take more and more while the rest of us have less and less.
Raise taxes on the wealthiest and lower taxes for the rest of us. Get rid of the loopholes for individuals and corporations. And raise the Estate Tax----it was greatly reduced recently.
 

Sheryl G (359)
Tuesday October 20, 2015, 3:07 pm
Thanks Patricia for the link to the video I'll check it out.
 

Janet B (0)
Tuesday October 20, 2015, 3:09 pm
Thanks
 

fahad Al fahad (140)
Tuesday October 20, 2015, 3:31 pm
Is this justice !!!!!!!!!
 

. (0)
Tuesday October 20, 2015, 5:13 pm
Noted & posted
 

Laurie H (818)
Tuesday October 20, 2015, 7:33 pm
Some words come to mind here, this is NOT SUSTAINABLE. In the entire scheme of things, the imbalance, injustice, unfairness, all need Major Overhaul== NOW!!! It's high time the wealthy step up and pay their fair share and stop the greedy behavior. Thank you so much Sheryl & Patricia for the link!!~
 

Judy C (91)
Wednesday October 21, 2015, 12:02 am
As many have already said, this just can't continue. It is both infuriating and frightening. All of this teetering world economy is based on debt, which must keep escalating. We are all slaves to this debt, to the Banks and corporate elites, and sooner or later, something has to give.
 

Inge B (202)
Wednesday October 21, 2015, 12:15 am
A Revolution ???

Love
 

Past Member (0)
Wednesday October 21, 2015, 1:49 am
That's the root of most evil. Thanks Dandelion.
 

Arild Warud (174)
Wednesday October 21, 2015, 2:24 am
Uncontrolled capitalism at it's best/worse.Don't worry Inge,There will be a revolution.
 

Sheryl G (359)
Wednesday October 21, 2015, 3:49 am
46% of these billionaires and multi millionaires live in the USA and yet even for their own people scream we don't have enough money to invest within the Country.

They have their mouthpieces screaming in DC we don't have enough to spare to allow roads to be repaired or prevent bridges from falling into rivers, we don't have enough for public schools. They scream we don't have enough to share with Elders and Disabled of whom they keep trying to slice into the already paltry funds while health costs go up for those same people. They say we don't have enough to take care of the Veterans they send off to wars and they yell we certainly don't have enough to feed the poor....let them starve.

They claim they just don't have enough but look at this chart. How much more do they need? Indeed the time is coming either fixed this in an organized way or the people around the world we be taking matters into their own hands. That is not always a good way because one never knows whose hands it lands into so is best to do it in some sort of orderly fashion.
 

Arild Warud (174)
Wednesday October 21, 2015, 6:58 am
Leave the Revolution to the French Sheryl,they are good at it,LOL.
 

pam w (139)
Wednesday October 21, 2015, 7:23 am
It's called OLIGARCHY!
 

Craig Pittman (52)
Wednesday October 21, 2015, 9:50 am
Let us eat cake? The deck is stacked against us, the fix is in. We need to stop dancing to their tune by becoming proactive and demanding a fundamental change in the system that enables this inequity.
 

Sheryl G (359)
Wednesday October 21, 2015, 2:43 pm
Maybe we should allow a lot of French to immigrate to the US.....not sure they'd want to come though.
 

Darren Woolsey (218)
Wednesday October 21, 2015, 3:02 pm
It's as if the Global Financial Crisis didn't happen. . . that crisis needs to be FELT by these rich and wealthy people, otherwise the obvious completely unhealthy and topsy-turvy situation will just increase.
 

Arild Warud (174)
Thursday October 22, 2015, 12:57 am
I wasn't thinking so much of the "storming of the Bastille" more the uproar that happenend in France in 1968.I remember that even the Americans had fire in their belly to end the Vietnam war.

You need to find that again and build on the Occupy's ideas.
 

Sheryl G (359)
Thursday October 22, 2015, 9:58 am
I don't know what happened to a generation or so. Yes, we had fire in our spirits, many of us older ones still do, in our Bernie Sanders group it appears to be two ways, us older ones from the sixties and early seventies, and the youth, teens, twenties, early 30's.....missing big is in the middle.

We can't keep protecting these too big to fail Darren, for I recall that the one's who created the mess in the Great Depression jumped out of windows, this time they got bailed out and received "golden parachutes". Iceland is at least sending some to jail and didn't expect the poor to pay for their gambling. I was going to put the story on today but BMutiny got to it before me.
Iceland Sentences 26 Bankers To Prison
 

M B (62)
Thursday October 22, 2015, 10:38 am
The metastasizing super rich.Send them to Boot Camp! (The challenge comes as much from the difficulty of physical training as it does from the required quick psychological adjustment to an unfamiliar way of life, lol).
TY!
 

Sheryl G (359)
Thursday October 22, 2015, 3:32 pm
Excellent video MB. I placed it on the news.

I hope others will watch it as well. Not all Wealthy are SOB's but too few are like the Kennedy's or this man Manoj Bhargava.
A Billionaire With a Heart
 
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