85 people have as much wealth as bottom half of world

What was it 50 years ago, 100, 200?

Poverty decreases sharply in developing world

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Up to 80 per cent of the world’s middle classes will live in developing countries by 2030 thanks to surprising recent gains in poverty reduction, according to a United Nations report published on Thursday.

“Never in history have the living conditions and prospects of so many people changed so dramatically and so fast,” concludes the UN’s latest Development Report. “The world is witnessing an epochal ‘global rebalancing’.”

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Partly as a result, the report found that worldwide extreme income poverty has plunged from 43 per cent in 1990 to just 22 per cent in 2008, including more than 500m being lifted out of poverty in China alone.

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Someone find Robin Hood.

And they probably give away more money to charity than the bottom half own

So good for them

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I probably own as much wealth as the bottom 1,000,000 in the US because many of those have negative wealth.

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So you're saying you're in a massive amount of debt?

So.....

the author had a chance to write a real good column but slanted it a little too much toward base political philosophy and class warfare, but there were some key points in the article that everyone should pay attention to, specifically...

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It is not so much that the supply-side principle "if you build it, they will come" is no longer true. It is more that we appear to have passed a tipping point, where so much wealth has been concentrated at the top, they no longer need bother to "build" anything. In short, it has become more economically efficient to buy countries' economic policy than to create value in order to sell it on. If one can control government to favour the richest, while raising barriers for new entrants, thus increasing their share of the pie exponentially, what is the incentive to grow the pie?

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85 people have as much wealth as bottom half of world

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and they're all on the OT

Is the wealth of the wealthiest what makes the poorest poor?