from Zero Hedge:
Back in 2010 we started an
annual series looking at the (re)distribution in the wealth of nations
and social classes. What we found then (and what the media keeps
rediscovering year after year to its great surprise) is that as a result
of global central bank policy, the rich got richer, and the poor kept
on getting poorer, even though as we predicted the global political
powers would, at least superficially, seek to enforce policies that
aimed to reverse this wealth redistribution from the poor to the rich (a
doomed policy as the world’s legislative powers are largely in the
lobby pocket of the world’s wealthiest who needless to say are less then
willing to enact laws that reduce their wealth and leverage). Now that
the topic of wealth distribution (or rather concentration) is once
again in vogue, below we present the latest such update looking at a
global portrait of household wealth. The
bottom line: 29 million, or 0.6% of those with any actual assets under
their name, own $87.4 trillion, or 39.3% of all global assets.
Read More @ ZeroHedge.com
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Back in 2010 we started an
annual series looking at the (re)distribution in the wealth of nations
and social classes. What we found then (and what the media keeps
rediscovering year after year to its great surprise) is that as a result
of global central bank policy, the rich got richer, and the poor kept
on getting poorer, even though as we predicted the global political
powers would, at least superficially, seek to enforce policies that
aimed to reverse this wealth redistribution from the poor to the rich (a
doomed policy as the world’s legislative powers are largely in the
lobby pocket of the world’s wealthiest who needless to say are less then
willing to enact laws that reduce their wealth and leverage). Now that
the topic of wealth distribution (or rather concentration) is once
again in vogue, below we present the latest such update looking at a
global portrait of household wealth. The
bottom line: 29 million, or 0.6% of those with any actual assets under
their name, own $87.4 trillion, or 39.3% of all global assets.Read More @ ZeroHedge.com
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