Junior Posted November 15, 2017 Share Posted November 15, 2017 https://www.usatoday.com/story/money/2017/11/14/richest-1-now-owns-half-worlds-wealth/862916001/ Richest 1% now owns half the world's wealth ROBERT FRANK | CNBC1:34 p.m. EST Nov. 14, 2017 The wealthiest 1% of the world's population now owns more than half of the world's wealth, according to a new report. The total wealth in the world grew by 6% over the past 12 months to $280 trillion, marking the fastest wealth-creation since 2012, according to a new report from Credit Suisse. More than half of the $16.7 trillion in new wealth was in the U.S., which grew $8.5 trillion richer. But that wealth around the world is increasingly concentrated among those at the top. The top 1% now own 50.1% of the world's wealth, up from 45.5% in 2001. "So far, the Trump presidency has seen businesses flourish and employment grow, though the ongoing supportive role played by the Federal Reserve has undoubtedly played a part here as well, and wealth inequality remains a prominent issue," said Michael O'Sullivan, chief investment officer for International Wealth Management at Credit Suisse. "Looking ahead, however, high market valuations and property prices may curb the pace of growth in future years." The world's millionaires are expected to do the best in the coming years. There are now 36 million millionaires in the world and their numbers are expected to grow to 44 million by 2022. The U.S. still leads the world in millionaires, with 15.3 million people worth $1 million or more. Japan ranks second with 2.7 million millionaires, while the U.K. ranks third with 2.2 million. China ranks fifth with 1.9 million millionaires, but its millionaire population is expected to hit 2.8 million by 2022. Quote Link to comment Share on other sites More sharing options...
karbatal Posted November 15, 2017 Share Posted November 15, 2017 I hope they are sad and alone and get really scared of death, as popular culture goes Now seriously I never understand why people need so much money. I mean, once you have like 20 million and a business running... What's the point of enslaving more workers and create more poverty? They are really sick. Quote Link to comment Share on other sites More sharing options...
Lolo Posted November 15, 2017 Share Posted November 15, 2017 But we 'know' it's all leftists propaganda. They earned it. Neidkultur. Money isn't everything. God loves all people... Quote Link to comment Share on other sites More sharing options...
Jazzy Jan Posted November 15, 2017 Share Posted November 15, 2017 I never understand why society admires people simply for having obscene amounts of money. Also why do we accept multi million dollar companies sending jobs off shore. Denying people a decent wage while exploiting people in poor countries with a pittance, just to save themselves money when they already have ample amounts. Pure greed and lack of caring and understanding for others. Quote Link to comment Share on other sites More sharing options...
karbatal Posted November 15, 2017 Share Posted November 15, 2017 4 minutes ago, Jazzy Jan said: I never understand why society admires people simply for having obscene amounts of money. Also why do we accept multi million dollar companies sending jobs off shore. Denying people a decent wage while exploiting people in poor countries with a pittance, just to save themselves money when they already have ample amounts. Pure greed and lack of caring and understanding for others. Well, we accept it because were half drugged with consumerism and tv and all that stuff. And even if we know everything will go to the pits we do nothing. Since the fall of the Wall and the fall of communism, the situation is worse and worse because those elites aren't afraid of a revolution. These past two years were especially dangerous in the EU because many rights are being lost, middle classes re getting poorer and governments are useless and corrupt. But look what suddenly happened: as Noam Chomsky always explains, we got "enemies" to be busy. IN the UK, the debate got into brexit, in France, it was Marie Lepen, in Spain it was Catalonia... And terrorrism, lots of terrorism. And those social riots that were feared in summits and G-8 thingies are nowadays a thing of the past. To summ it up: we are stupid Quote Link to comment Share on other sites More sharing options...
Genevieve Vavance Posted November 15, 2017 Share Posted November 15, 2017 No matter how rich they are they will never escape death old age and suffering how buddhist of me 😂 Quote Link to comment Share on other sites More sharing options...
Jazzy Jan Posted November 15, 2017 Share Posted November 15, 2017 1 minute ago, Genevieve Vavance said: No matter how rich they are they will never escape death old age and suffering how buddhist of me 😂 So true @Genevieve Vavance. Also they can't take their money with them when they die. We know the saying though, money is the root of all evil. Quote Link to comment Share on other sites More sharing options...
Genevieve Vavance Posted November 15, 2017 Share Posted November 15, 2017 1 minute ago, Jazzy Jan said: So true @Genevieve Vavance. Also they can't take their money with them when they die. We know the saying though, money is the root of all evil. Exactly 😊❤️ Quote Link to comment Share on other sites More sharing options...
VogueMusic Posted November 15, 2017 Share Posted November 15, 2017 1 hour ago, Jazzy Jan said: I never understand why society admires people simply for having obscene amounts of money. Also why do we accept multi million dollar companies sending jobs off shore. Denying people a decent wage while exploiting people in poor countries with a pittance, just to save themselves money when they already have ample amounts. Pure greed and lack of caring and understanding for others. At least in America, it's the "just work hard enough and you will be rich too" American Dream illusion that is sold to anyone and everyone since birth. So god forbid anything touch all that money once they get it. And that's the issue I have. Make all that money. Fine. But pay your fair share into the system. Quote Link to comment Share on other sites More sharing options...
runa Posted November 15, 2017 Share Posted November 15, 2017 I always felt having too much money is indecent. I mean, wtf are you doing with all that cash? Are you happier than me? I don't believe it for a second. When you see extremely rich people beside starving people, this is just insane. It's ok to be ambitious, to expect better income, having the chance to travel, buy new clothes, having a dinner in restaurant. I can understand that (I just change my job, last August to have a better salary). But for real, how much do you really need to be happy? Quote Link to comment Share on other sites More sharing options...
Pedro Posted November 15, 2017 Share Posted November 15, 2017 Well I’m happy being in the 1% 🤪 🎵Living in a material world Boys may come and boys may go And that's all right you see Experience has made me rich And now they're after me 'Cause everybody's living in a material world and I am a material girl🎵 Quote Link to comment Share on other sites More sharing options...
karbatal Posted November 15, 2017 Share Posted November 15, 2017 4 hours ago, runa said: I always felt having too much money is indecent. I mean, wtf are you doing with all that cash? Are you happier than me? I don't believe it for a second. When you see extremely rich people beside starving people, this is just insane. It's ok to be ambitious, to expect better income, having the chance to travel, buy new clothes, having a dinner in restaurant. I can understand that (I just change my job, last August to have a better salary). But for real, how much do you really need to be happy? That's why if I were Madonna I wouldn't give a damn about profits anymore and I would do whatever i want! But then again, I would have retired after LAV to buy my own island so it's ok that I'm not Madonna Quote Link to comment Share on other sites More sharing options...
Genevieve Vavance Posted November 15, 2017 Share Posted November 15, 2017 Let's be serious, Madonna is probably part of this 1 %!!! And I love her for it, take my money Queen Quote Link to comment Share on other sites More sharing options...
Gaudet Posted November 16, 2017 Share Posted November 16, 2017 Face it people, it's that 1% that rule this planet, they are the ones changing the cards at every chance including the farce of political elections and referendums for everyone including themselves... only for their own benefit, and always to the detriment of all of us poor suckers. As long as illusion of equal wealth is sold in the form of the latest tech gadget to own and show off for example, masses will always be distracted enough to hardly care how much this 1% bunch interfere and fucks up our lives, all under our noses. Keep the masses dumb so they will never rebel against the unequal distribution of wealth... Quote Link to comment Share on other sites More sharing options...
MadFan Posted November 16, 2017 Share Posted November 16, 2017 I miss him! Quote Link to comment Share on other sites More sharing options...
Nick Posted November 16, 2017 Share Posted November 16, 2017 Ok now I feel like a poverty stricken fucktard😫 Quote Link to comment Share on other sites More sharing options...
ULIZOS Posted November 16, 2017 Share Posted November 16, 2017 Ugh I’m sick of not being part of the %1. I’m all fuckig regular and boring Quote Link to comment Share on other sites More sharing options...
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