so how much has world wealth increased in that time?
Liberalism is a mental disease.
GEORGE SOROS
That means the wealthy were declining during the Bush years and increasing during the Obama era?
Hmmmm..
When we talk about the Obama Administrations MO of rewarding your friends and punishing your enemies, we should stuff this in the ‘Progressives’ face.
And in the old Soviet Union, it was just as bad.
Nice thing is, civilization has never had a higher standard of living than it has today.
It certainly had a higher level of morals and ideals, but that’s another story.
And some of us have eternal riches in Christ, that will never waste away.
Given that most of that 1% are leftist, this is just an example of the smoke and mirrors that keeps the brainwashed puppets turning out for demonstrations and elections.
Actually this is a BIG problem, and isn’t a left or right issue... the problem with the right is they have become mind numbingly stupid on some aspects of economics as well....
This sort of thing happens when wealth is not flowing as it should through societies, and eventually such failings lead to open violence and a complete collapse of societies, not only economies.
Folks are killing the goose the lay the golden egg, and its a problem. And the failure of those on the right to even contemplate that reality, because they are so busy shouting down the left on this... yes the lefts concerns about this are based on incorrect world views, but the problem with the lack of wealth flown through societies is what leads to tyranny in the short term, and chaos and societal upheaval in the long term.
We (everyone, regardless of political affiliation) needs to wake up to the fact that the goose is being strangled, and that’s NOT good, not at all
Destroy the wealth of the wealthy and you’ll destroy the wealth of everyone else.
There has to be wealthy people, or jobs won’t be created and massive projects will not be attempted or completed if they are.
This is old Communist/Socialist propaganda, always the big promises before the long ditches full of the bodies at last in part made up of those gullible enough to help usher in the power to those that ultimately destroy them.
Yeah and never has so much of the world been under a socialist system of government ever before. Almost all governments in the entire world, including the U.S. are at a minimum heavily influenced by socialist policy...most are outright socialist. So what does that tell you about socialism? Hmmmm?
The great irony - Statism, Progressivism and Social Engineering create wealth inequality.
High regulatory states with top down systems and centrally planned economies always produce rent-seekers and oligarchs.
BTW, to be in the World’s top 1% of income earners, you need only earn $32,400/yr. (usd)
To be in the World’s top 1% of net worth, it is $770,000 (usd)
People who spend every cent they can get their hands on the minute they get their hands on it will never have "wealth" no matter how much of other people's stuff you steal and give to them.
And they are probably all leftists.
. . . and guess what percentile of the world’s population you, fellow middle-class American, fall into???
but 1% of 7 billion people is 70 million people. That’s a lot of people.
“Can we dance with your dates”
Funny. I never got close to being in the 1%. But the corporations they owned hired me and made me well enough off to buy a house, have a family and have enough money for a nice retirement.
Those evil creeps.
Anyone think that the 1% are satisfied? They’ll find ways to decrease the percent in the upper tier (to 1/2 % or so?) and to increase their power and wealth.
This is actually a real problem. This is not being done via capitalism, but by a select group of super wealthy, exerting control of politicians globally. These are the new Robber Barons. They create a legal system that makes them wealthier and prevents legitimate competition.
Obama’s fault.