85 Wealthy Elites Have As Much Wealth As Half The World’s Population

rich peopleA group that could easily fit on a single subway car. Via the Guardian:

The extent to which so much global wealth has become corralled by a virtual handful of the so-called ‘global elite’ is exposed in a new report from Oxfam on Monday. It warned that those richest 85 people across the globe share a combined wealth of £1tn, as much as the poorest 3.5 billion of the world’s population.

The development charity fears this concentration of economic resources is threatening political stability and driving up social tensions.

The report found that over the past few decades, the rich have successfully wielded political influence to skew policies in their favor on issues ranging from financial deregulation, tax havens, to lower tax rates on high incomes and cuts in public services for the majority. Since the late 1970s, tax rates for the richest have fallen in 29 out of 30 countries for which data are available, said the report.

8 Comments on "85 Wealthy Elites Have As Much Wealth As Half The World’s Population"

  1. jose chung | Jan 20, 2014 at 5:08 pm |


  2. Simon Valentine | Jan 20, 2014 at 5:52 pm |

    each one Robby just a body
    another fruitless quest
    never was there equal living
    nor a future that had been the best

    ignore it not directly
    instead hear no one’s word
    like mathematics reincarnation
    behind curtains no attention for the bird

  3. kowalityjesus | Jan 20, 2014 at 6:06 pm |

    the fallacy here is that those people thinking they’re cool enough to deserve that much money. What degenerates.

  4. Rhoid Rager | Jan 20, 2014 at 6:33 pm |

    there should be a web site that publishes their names, addresses, corporate affiliations and all of the nitty gritty to ‘name and shame’ them. It’s only fair in our Grand Surveillance Era.

  5. Only 85?
    It should be easy to find them then. Just think of all the “little” people who serve them on a daily basis . . .

  6. nicholas p. | Jan 21, 2014 at 1:04 pm |

    if that poorest 3.5 billion started taking what they wanted instead of paying for it wouldnt that solve the problem of the richest holding all the fortune?

  7. Woobniggurath | Jan 22, 2014 at 12:39 pm |

    Doctor Guillotine, paging doctor Guillotine, please report to the red courtesy telephone.

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