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Richest 1% Is Likely to Control Half of Global Wealth by 2016

31 pointsby tomek_zemlaover 10 years ago

6 comments

Hermelover 10 years ago
Considering that about 2 billion humans have a negative net wealth due to debt, this is not surprising. If you don&#x27;t have any debt, you are already richer than the poorest 2 billion humans combined!<p>For more details why this statistic should not be trusted, see here: <a href="http://www.iea.org.uk/node/9980" rel="nofollow">http:&#x2F;&#x2F;www.iea.org.uk&#x2F;node&#x2F;9980</a>
sctbover 10 years ago
<a href="https://news.ycombinator.com/item?id=8910476" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=8910476</a> and <a href="https://news.ycombinator.com/item?id=8912298" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=8912298</a>.
davidsmith2015over 10 years ago
The global cutoff for the top 1% in annual income is $34,000. (Not a typo.) Different than wealth, but still revealing.
jacquesmover 10 years ago
So, who are the 1%:<p><a href="http://money.cnn.com/2012/01/04/news/economy/world_richest/" rel="nofollow">http:&#x2F;&#x2F;money.cnn.com&#x2F;2012&#x2F;01&#x2F;04&#x2F;news&#x2F;economy&#x2F;world_richest&#x2F;</a>
DanBlakeover 10 years ago
I always wish in these articles they would single out the top 1% of the 1% - It definitely shows more of the issue since most doctors would be in the top 1%.<p>When you say &quot;1&#x2F;100,000th of the population has xx% of the wealth&quot; it showcases the issue at hand in a much clearer view.
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gesmanover 10 years ago
Negative View: 1% of people control half of global wealth.<p>Positive View: 99% of people control half of global wealth.<p>I guess it&#x27;s a matter of perspective?
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