Monday, January 18, 2016

An Economy For The 1%

Oxfam (Jan 18, 2016) - Credit Suisse revealed that the richest 1% have accumulated more wealth than the rest of the world put together. In 2015, 62 individuals had the same wealth as 3.6 billion people – the bottom half of humanity. The wealth of the richest 62 people has risen by 44% in the five years since 2010 – that's an increase of more than half a trillion dollars (USD 542bn), to USD 1.76 trillion. Meanwhile, the wealth of the bottom half fell by just over a trillion dollars in the same period – a drop of 41%.