Monday, January 20, 2014
85 Richest People on Earth = Bottom Half of Mankind
Take mankind, all 7+-billion of us. Then take the collective wealth of the bottom 3.5 billion. Compare that to the net worth of the wealthiest 85-individuals on the planet. Bingo, they match!
Oxfam produced that lovely analysis to demonstrate the true state of global inequality.
Of course the bottom 3.5-billion don't own half the world's wealth, not even close. However the top 1% among themselves do enjoy half the world's wealth.
“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,” Winnie Byanyima, Oxfam’s executive director, said in a press release.