http://www.zerohedge.com/news/2017-1...-worlds-wealth
Full article on link. Other charts not poted here.Today Credit Suisse released its latest annual global wealth report, which traditionally lays out what has become the single biggest reason for the recent "anti-establishment" revulsion: an unprecedented concentration of wealth among a handful of people, as shown in Swiss bank's infamous global wealth pyramid, an arrangement which as observed by the "shocking" political backlash of the past year, suggests that the lower 'levels' of the pyramid are increasingly unhappy about.
As Credit Suisse tantalizingly shows year after year (most recently one year ago), the number of people who control roughly half of the global net worth, or 45.9% of the roughly $280 trillion in household wealth, is declining progressively relative to the total population of the world, and in 2017 the number of people who were worth more than $1 million was just 36 million, roughly 0.7% of the world's population of adults. On the other end of the pyramid, some 3.5 billion adults had a net worth of less than $10,000, accounting for just about $7.6 trillion in household wealth. And inbetween is the so-called global middle class - those 1.4 billion people whose rising anger at the status quo made Brexit and Trump possible.
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How did so many of the rich get even richer? Not by honest work, thats for sure. No, they benefited from the printing of money where they get to spend that "new" money at the old value before it trickles down to those at the bottom who can only spend that "new" money after the value has adjusted "itself" to inflation. They force more money out of the poor, then expect the poor to pay for any differences in costs while not fairly compensating those that work and produce. Make me a million dollars a day and I'll pay you minimum wage and wont give you insurance. No, the rich get richer by dodging paying out anything. They use Tax Havens so they dont pay any taxes on the bacon they bring home. Those at the bottom pay the difference. They dont offer meaningful jobs or employment. If they paid more, they couldnt afford to own several continent sized yachts. They charge you $88 per aspirin that you can get a bottle of $500 for at Walmart, while the people that produce the aspirin for Walmart are paid China's equivalent of minimum wage, or whatever they get paid, rest assured it is less than you get paid. They outsource tech jobs to people in India that also get paid both jack and $#@!, and jack left town. Worst of all, they buy out the politicians as a way to bolster their business, which prevents you from doing anything else but servicing them.
What could possibly go wrong?
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