(Under the left cover of the CHANGE administration, the wealthiest oligarchs are simply getting richer by the minute. With the TPP and the TTIP waiting in the wings, this trend is about to explode at an even higher rate of speed. Just wait til some Mexican oligarch (Carlos Slim) sues the state of Florida for making his business interests pay a minimum wage or til Soros’ hedge fund sues the US government for not letting them import slaves from Africa… oh wait… I’m sorry… they’re called “refugees” these days, aren’t they?)
by Emily Peck, Huffington Post
All the money in the world is growing ever more concentrated in the hands of just a few people, a report released Sunday night makes clear.
Just 62 ultra-rich individuals — a list that is primarily made up of men and includes Bill Gates, Warren Buffett, the Koch Brothers and the Walmart heirs — have as much wealth as the bottom half of humanity. Five years ago, it took 388 rich guys to achieve that status.
The wealth of the richest 62 has increased an astonishing 44 percent since 2010, to $1.76 trillion. Meanwhile, the wealth of the bottom half of the world dropped by 41 percent.
“This is terrible,” Gawain Kripke, Oxfam’s Policy Director, told The Huffington Post. “No one credible will say this is good for the world or good for the economy.”
[read more here]
Filed under: Uncategorized