” people dramatically underestimate how unequally wealth is distributed in the U.S ” Los Angeles, CA (November 4, 2014) The growing disparity in economic inequality has become so stark that even Janet Yellen, Federal Reserve chairwoman, recently expressed concern. Interestingly, new… Read More ›
Economic inequality
In the U.S. the richest 1% in the U.S received 95% of wealth created since 2009
– 1% of the population, which combined owns about 46% of global – 1% had $110 trillion in wealth — 65 times the total wealth of the bottom half of the population 85 people Own Half of Earth’s Wealth Tuesday,… Read More ›
World’s 85 richest people have as much as poorest 3.5 billion: Oxfam warns Davos of ‘pernicious impact’ of the widening wealth gap
Nigel Morris Monday 20 January 2014 The 85 richest people on the planet have accumulated as much wealth between them as half of the world’s population, political and financial leaders have been warned ahead of their annual gathering in… Read More ›
Gap between rich and poor in Russia among the world’s biggest
Published time: October 09, 2013 16:00 RIA Novosti / Alexey Kudenko Wealth inequality in Russia is one of the highest in the world. A report by Credit Suisse says 35% of Russian household wealth controlled by just 110 billionaires…. Read More ›
Top one percent took record 19.3percent of US income last year – the LARGEST share of pre-tax income since 1927
Last year the top 1 per cent of earners in the U.S. accounted for 19.3 per cent of pre-tax income That’s the largest per cent since 1927 The economic disparity between the 1 per cent and everyone else in the… Read More ›
Engineering Evil 