It's official, the 1% now own 50% of the world's wealth. Here comes TPP for that other 50%

[whereisjustice]

The rich keep taking and taking and taking. They take jobs, they take families, they instigate slaughter in unending wars, they take lives.

As world power continues to concentrate in the hands of a few dozen people, we will continue to see unending violence and suffering as people struggle for life and freedom.

We live in dangerous times.

The richest 1 percent are likely to control more than half of the globe’s total wealth by next year, the charity Oxfam reported in a study released on Monday. The warning about deepening global inequality comes just as the world’s business elite prepare to meet this week at the annual World Economic Forum in Davos, Switzerland.

The 80 wealthiest people in the world altogether own $1.9 trillion, the report found, nearly the same amount shared by the 3.5 billion people who occupy the bottom half of the world’s income scale. (Last year, it took 85 billionaires to equal that figure.) And the richest 1 percent of the population, who number in the millions, control nearly half of the world’s total wealth, a share that is also increasing.

The type of inequality that currently characterizes the world’s economies is unlike anything seen in recent years, the report explained. “Between 2002 and 2010 the total wealth of the poorest half of the world in current U.S. dollars had been increasing more or less at the same rate as that of billionaires,” it said. “However since 2010, it has been decreasing over that time.”

http://www.nytimes.com/2015/01/19/business/richest-1-percent-likely-to-control-half-of-global-wealth-by-2016-study-finds.html

[ND-Dem]

1. k&r

[woo me with science]

2. K&R

[CrispyQ]

3. What a trillion dollars looks like:

http://www.pagetutor.com/trillion/index.html

It's a pretty stunning set of graphics.

[whereisjustice]

4. nice!

[woo me with science]

7. Thank you.

[woo me with science]

5. kick

[Donald Ian Rankin]

6. What level of income puts you in that 1%? I've heard it claimed $34k a year does.

That strikes me as almost certainly too low, but only almost - does anyone know a reliable figure?

[Initech]

9. No that's Heritage Foundation bullshit.

They're the same ones who came up with such other greatest hits like the "90% of poor people own a refrigerator" talking point. And who owns the Heritage Foundation? If you guessed Koch Brothers, you are correct.

[sabrina 1]

8. It's obscene and it's dangerous to allow this to have happened. Privatization of everything

is how they did it. Only a few public funds left for them to grab and putting SS on the Deficit Table was the first step towards doing that.

The people are to blame also, for buying their slave labor garbage at Walmart, eg.

What has to happen is world wide boycotts of their garbage, take their money and stop supporting politicians who are funded by any of them.

Money Hoarders are very sick people and they are running major parts of the world right now.

[woo me with science]

11. A Monopoly game for them,

but with real, dying people on Baltic Avenue.

[woo me with science]

10. kick