That link shows the bottom 50% of the global population holding more than $5 trillion, very similar to the bottom 50% of the USA, weirdly. Again, that is much more than th…
That link shows the bottom 50% of the global population holding more than $5 trillion, very similar to the bottom 50% of the USA, weirdly. Again, that is much more than the top 10 plutocrats, thankfully -- though $5 Trillion among 4 billion is only about $1200 each, and we know it is not evenly distributed.
This is based on analysis and data from Credit Suisse at that time:
Again, importantly, the point is that We the People, the 99%, the 90%, the most of us, are powerful not just in numbers but financially, if we will just use that knowledge to be more assertive and active in the management and governance of our country -- *not* that it's ok to maintain these Gilded Age levels of wealth disparity.
Here is a great visualization of global wealth, from last September 2021 (Visual Capitalist):
<https://www.visualcapitalist.com/distribution-of-global-wealth-chart/>
That link shows the bottom 50% of the global population holding more than $5 trillion, very similar to the bottom 50% of the USA, weirdly. Again, that is much more than the top 10 plutocrats, thankfully -- though $5 Trillion among 4 billion is only about $1200 each, and we know it is not evenly distributed.
This is based on analysis and data from Credit Suisse at that time:
<https://www.credit-suisse.com/about-us-news/en/articles/news-and-expertise/global-wealth-report-2021-effects-of-covid-on-household-wealth-in-2020-202106.html>
Full report (pdf): <https://www.credit-suisse.com/media/assets/corporate/docs/about-us/research/publications/global-wealth-report-2021-en.pdf>
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Again, importantly, the point is that We the People, the 99%, the 90%, the most of us, are powerful not just in numbers but financially, if we will just use that knowledge to be more assertive and active in the management and governance of our country -- *not* that it's ok to maintain these Gilded Age levels of wealth disparity.
The US numbers can be reached from <http://uswealthclock.com> -- best luck to US, b.rad