By Chuck Collins
Over the previous thirty years, we have seen an intensive redistribution of wealth upward to a tiny fraction of the inhabitants. right here, activist Chuck Collins explains the way it occurred and marshals wide-ranging information to teach precisely what the 99/1 percentage divide skill within the genuine global and the wear it factors to participants, companies, and the earth. most vital, he solutions the burning query, what should be performed approximately it? He bargains a common sense consultant to bringing a few society that works for everybody: the 100%. it is a fight that may be received. finally, the chances are ninety nine to one in our want.
Read or Download 99 to 1. How Wealth Inequality Is Wrecking the World and What We Can Do about It PDF
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Additional resources for 99 to 1. How Wealth Inequality Is Wrecking the World and What We Can Do about It
Figure 8. Global population and wealth shares for adults at various levels of net worth, 2010. At the pinnacle of global wealth are the planet’s ultra-rich and billionaires. According to a new wealth research report by Wealth-X, there are 185,795 individuals worldwide who have at least $30 million in net worth. Together they hold a combined $25 trillion in wealth. 18 trillion. 01 billion adults around the world who, according to Credit Suisse, hold under $10,000 each in net worth. 1 billion people who own less than $1,000 each.
But since 2008, public attitudes have shifted. The middle-class standard of living has imploded, with once stable families now experiencing economic insecurity. And intergenerational mobility in the United States—the promise that the circumstances of one’s children will likely be better than one’s own—is now lower than in other industrialized countries. A greater percentage of the public now believes that the lopsided distribution of wealth is a problem. 5 Even with growing unease over inequality, the issue has remained sequestered from public debate.
Billionaire Steve Forbes formed a tax-exempt think tank to promote himself and his policies in advance of his run for president in 2000. George Soros gives billions through the Open Society Fund to support global development and liberal organizations in the United States. Using Media Influence to Change the Conversation The concentration of media ownership is a major factor in shaping the contours of our national debate. The ownership and actions of News Corporation, Viacom, and other major media outlets are probably more significant in shaping the economy than is money given to politicians.