Posted: January 31st, 2014 by Militant Libertarian
The a accumulation of wealth has been the motivator of man since the beginning of time. Man’s success or failure in his life is often measured by what he owns, what kind of job he holds, how big his house is, society measures their piers by how much wealth they are perceived to have.
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 2014, where the topic of rapidly increasing income disparities will be a major 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.
“It is staggering that in the 21st century, half of the world’s population own no more than a tiny elite whose numbers could all sit comfortably in a single train carriage,” said Winnie Byanyima, the group’s executive director.
“Widening inequality is creating a vicious circle where wealth and power are increasingly concentrated in the hands of a few, leaving the rest of us to fight over crumbs from the top table,” she said.
The percentage of income held by the richest 1% in the U.S. has grown by nearly 150% since 1980. That small elite have received 95% of wealth created since President Obama took office in 2009, while the bottom 90% of Americans have become poorer, Oxfam said.
That’s caused a “massive concentration of economic resources in the hands of fewer people,” Also Falling taxes for the rich and increased use of tax havens have helped widen income inequality, Oxfam said.
The share of wealth owned by the richest 1% also expanded in all but two of the 26 nations tracked by researchers in the World Top Incomes Database.
Follow this link to view America’s Wealthest Billionaires as listed by Forbes.
Follow this link to view the Worlds Richest Billionaires as listed by Forbes.
The wealthest 1% make up the leaders of the new world order. Following the Forbes links to the Richest Billionaires will give you an idea of the whose who of the New World Order. The video above will help you better understand how the wealth is really broken down, complete with charts and insights into the New World Order’s agenda and how it will affect every man, women and child on earth.