Oxfam International, a poverty fighting organization, made news at the World Economic Forum in Davos earlier this year with its report that the world’s 85 richest people own assets with the same value as those owned by the poorer half of the world’s population, or 3.5 billion people (including children). Both groups have $US 1.7 trillion. That’s $20 billion on average if you are in the first group, and $486 if you are in the second group.
99% vs the 1% Archives
Sunday, March 30th, 2014 at 2:28 am
The real power of the rich resides in families of the wealthy who OWN the country. They do this with outright purchase or inheritance and by owning controlling interest in private or public corporations. These are the people who really pull the strings. Most of these billion ares are just campaign contributors and lobbyists for corporations that they have an interest in. The real movers and shakers are, largely, out of the public arena.
Locally [here in Eastern Washington], think the Cowles foundation here in Spokane.