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Richest 1% to own half of world’s wealth by 2016

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Richest 1% to own half of world’s wealth by 2016

From billionaires and politicians who will gather at the world economic forum in Davos this week, will require that they have restrained the growth of inequality. According to the results of recent research Oxfam, for next year 1% of the population of the planet will be richer than the other 99%.

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Chip Chesterstone

And all the poor to middle class conservative republican voters will defend them to the death because they aspire to be that 1%. They dream of winning that lottery.

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TAD 1

I assume the Oxfam people would like the Governments to take money from the rich and buy votes from the poor. This is exactly what will happen. It is already happening. Furthermore, the more money government controls the more powerful it becomes. So I ask you, is it better to have 1000s of rich men who are investing their money in businesses (they surely don't keep their money under their beds) than one super powerful Government who wastes money routinely? Think of US Post Office, Amtrak, VA, Military, handouts to Afganistan, Iraq, Egypt, Pakistan, etc...., handing out welfare to lazy people, etc.... Is this the way to prosperity? Communist governments were all powerful and all they did was make everyone poor.

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ER Jones, Author

If you want to help the 99% get richer, remove the barriers that make it tougher for them to get ahead. One area that could really be loosened up is securities issuance. The venture capitalists can pay for high priced legal talent to satisfy SEC and State blue sky laws, but that stuff is pretty imposing to someone starting out. In a nutshell, make capital formation easier.

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Published by Zoltan Brenner , 19.01.2015 at 21:21
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Anthony
Anthony 20 January 15 01:00 This is not good for the 1%. Not at all good. History tell us that there should be a huge shakeout and forced redistribution before too long Text hided expand
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