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Showing posts with the label "credit suisse"
The top 1% own 48% of global personal wealth Inequality and exploitation? "It's been always like that." "We can't do anything about it." "These people are wealth creators." "There is still progress. We live better today than 50 or 60 years ago." "After all, liberal democracy is spreading all over the world." "What's the alternative?"
" Once debts have been subtracted, a person needs only $3,650 to be among the wealthiest half of the world’s citizens. However, about $77,000 is required to be a member of the top 10% of global wealth holders and $798,000 to belong to the top 1%.  So if you own a home in any major city in the rich North on your own and without a mortgage, you are part of the top 1%.  Do you feel rich if you do?  This just shows how poor the vast majority of people in the world are: with no property, no cash and certainly no stocks and bonds!" The vast majority? They are just losers; the are uneducated, they don't know how to be entrepreneurs .. . New figure reached by annual Credit Suisse global wealth report