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Thread: The 1% will own more than the 99% by 2016, report says

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    The 1% will own more than the 99% by 2016, report says

    What do you think? The middle class is disappearing. At one time increases in productivity equated to wage increases.
    https://fortune.com/2015/01/19/the-1...6-report-says/
    The richest 1% of the population will own more than half of the world’s wealth by next year as inequality continues its relentless rise across the globe, a new report out Monday says.

    The report, by the U.K.-based charity Oxfam, shows that the top 1% have grown their share of global wealth constantly since 2010. After dipping at 44% in the wake of the 2008 financial crisis, it rose to 48% by the end of last year and is poised to top 50% by the end of next year.
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    Re: The 1% will own more than the 99% by 2016, report says

    The faster they can get to 100% , the sooner it will start trickling down.

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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by JANFU View Post
    What do you think? The middle class is disappearing. At one time increases in productivity equated to wage increases.
    https://fortune.com/2015/01/19/the-1...6-report-says/
    The richest 1% of the population will own more than half of the world’s wealth by next year as inequality continues its relentless rise across the globe, a new report out Monday says.

    The report, by the U.K.-based charity Oxfam, shows that the top 1% have grown their share of global wealth constantly since 2010. After dipping at 44% in the wake of the 2008 financial crisis, it rose to 48% by the end of last year and is poised to top 50% by the end of next year.
    Measuring it is the easy part.

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    Re: The 1% will own more than the 99% by 2016, report says

    Progressive policies ALWAYS lead to more disparity.

    Its not surprising

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    Re: The 1% will own more than the 99% by 2016, report says

    Who hits the reset button first? The 1% or the 99%?
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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by Fenton View Post
    Progressive policies ALWAYS lead to more disparity.

    Its not surprising
    Yep. You notice they don't say that this disparity has grown worse than ever under Obama. They won't make the connection

    Now, if Bush were in office, they would be all, Bush, Bush , Bush

    But they can't wrap their heads around the truth of what you just said.

    Facts make Liberals' heads explode, like this:



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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by TerryOfromCA View Post
    Yep. You notice they don't say that this disparity has grown worse than ever under Obama. They won't make the connection

    Now, if Bush were in office, they would be all, Bush, Bush , Bush

    But they can't wrap their heads around the truth of what you just said.

    Facts make Liberals' heads explode, like this:




    or MAYBE it's that Obama is not a progressive (in the real economic sense) but is simply another in the long line of authoritarian pro-corporate politicians who simply has a progressive social agenda.

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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by JANFU View Post
    What do you think? The middle class is disappearing. At one time increases in productivity equated to wage increases.
    https://fortune.com/2015/01/19/the-1...6-report-says/
    The richest 1% of the population will own more than half of the world’s wealth by next year as inequality continues its relentless rise across the globe, a new report out Monday says.

    The report, by the U.K.-based charity Oxfam, shows that the top 1% have grown their share of global wealth constantly since 2010. After dipping at 44% in the wake of the 2008 financial crisis, it rose to 48% by the end of last year and is poised to top 50% by the end of next year.
    So what?

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    Re: The 1% will own more than the 99% by 2016, report says

    If we think this is anything anywhere near new, you would be mistaken.

    Welcome to the human condition everyone.
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    Re: The 1% will own more than the 99% by 2016, report says

    I personally don't care about the dynamics of wealthy distribution, as long as all citizens get their basic needs taken care of.

    If it wasn't for our hyper-consumerist, greedy, hyper-materialistic society, folks would be much more content with what they had and wouldn't give a **** what rich people possess.

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