I will be adding quite a bit to this original post on income distribution or disparity. Most major wars and revolutions in the last 350 years at least have had at their roots “income disparity”. The rich seemingly want to take advantage of the middle and lower class to the tune of every penny they are worth. It creates a toxic situation at best. Wealthy people can afford the weapons and security systems and private police forces to protect the status quo. It is essential the status quo is upheld. If it indeed gets tweaked it is always to the benefit of the ruling 1ish percent who have a vast amount of the wealth and resources. There is a very big need amongst these people to ensure order is kept and they keep exploiting the billions of others of us.
Lets be clear nothing is ever done to really benefit mankind. It is allowed to proceed because quite a bit of money can be made.
I will have my historical facts straight when I edit this post. For now…
Back in 2010 we started an annual series looking at the (re)distribution in the wealth of nations and social classes. What we found then (and what the media keeps rediscovering year after year to its great surprise) is that as a result of global central bank policy, the rich got richer, and the poor kept on getting poorer, even though as we predicted the global political powers would, at least superficially, seek to enforce policies that aimed to reverse this wealth redistribution from the poor to the rich (a doomed policy as the world’s legislative powers are largely in the lobby pocket of the world’s wealthiest who needless to say are less then willing to enact laws that reduce their wealth and leverage). Now that the topic of wealth distribution (or rather concentration) is once again in vogue, below we present the latest such update looking at a global portrait of household wealth. The bottom line: 29 million, or 0.6% of those with any actual assets under their name, own $87.4 trillion, or 39.3% of all global assets.