Almost half of the world's wealth is owned by just 1% of the world's population

Almost half of the world's wealth is owned by just 1% of the world's population, according to a report published just days before the start of the World Economic Forum's annual meeting, where the topic of rapidly increasing income disparities will be amajor focus.

In its study titled Working for the Few, the British-founded development charity Oxfam concludes that the $110 trillion wealth of the 1% richest people on the planet is some 65 times the total wealth of those floundering at the "bottom half" of the world's population.

President Obama has identified economic equality as one of the defining issues of our time and in a speech in December he said that increasing inequality "challenges the very essence of who we are as a people." In the U.S., the financially privileged — the wealthiest 1% — have "captured 95% of post-financial crisis growth since 2009, while the bottom 90% became poorer," the Oxfam report notes.

http://www.usatoday.com/story/news/world/2014/01/20/davos-2014-oxfam-85-richest-people-half-world/4655337/

Achigan wrote:"...President Obama has identified economic equality as one of the defining issues of our time and in a speech in December he said that increasing inequality "challenges the very essence of who we are as a people."

Yes, we should open our borders, let everyone vote, reject our USA sovereignty—that hundred of thousands of Patriots died defending—and become the (missing) United Nations.


 


.

The World Economic Forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas.

You can bet Obama and the Senators and Reps. won't give up their money. They will just force everyone else to.