1% TO SOON OWN MORE THAN THE OTHER 99%, WEALTH INEQUALITY AT RECORD LEVELS (STA BREAKING NEWS and ARCHIVES)

by phoenix695 , Hannibal, MO, Wednesday, January 21, 2015, 00:07 @ pravdaseeker

Dear STA Readers, Writers,

"Billionaires and politicians gathering in Switzerland this week will come under pressure to tackle rising inequality after a study found that – on current trends – by next year, 1% of the world’s population will own more wealth than the other 99%.

Ahead of this week’s annual meeting of the World Economic Forum in the ski resort of Davos, the anti-poverty charity Oxfam said it would use its high-profile role at the gathering to demand urgent action to narrow the gap between rich and poor.

The charity’s research, published today, shows that the share of the world’s wealth owned by the best-off 1% has increased from 44% in 2009 to 48% in 2014, while the least well-off 80% currently own just 5.5%.

Oxfam added that on current trends the richest 1% would own more than 50% of the world’s wealth by 2016.

Winnie Byanyima, executive director of Oxfam International and one of the six co-chairs at this year’s WEF, said the increased concentration of wealth seen since the deep recession of 2008-09 was dangerous and needed to be reversed.

In an interview with the Guardian, Byanyima said: “We want to bring a message from the people in the poorest countries in the world to the forum of the most powerful business and political leaders.

“The message is that rising inequality is dangerous. It’s bad for growth and it’s bad for governance. We see a concentration of wealth capturing power and leaving ordinary people voiceless and their interests uncared for.”"

LINK HERE

Hmmmm, sounds like the Davos rich folks meeting will be all about "OOPS, WE SCREWED THE POOCH A BIT TOO MUCH, THE NATIVES ARE GETTING RESTLESS, BETTER DO SOMETHING TO KEEP THE LYNCH MOBS FROM KNOCKING ON OUR CASTLE DOORS!" Waiter! Another round of $1500 bottles of champagne please! Our nerves are frayed.

Amazingly, this great wealth gap separation, along with other world situations on foreign policy, in my opinion, makes another world war pretty much a sure bet. They goosed the golden goose a few too many times. The goose is terminal, died from greed and corruption of the overlords.

The people always get fed up with it and we go back to Stone Age. Happened before will always happen. Nobody swooped into save the planet. Populations exterminated each other to near extinction. Sad ass planet !!!

This huge wealth gap also gives the Communists a huge leg up on their brand of propaganda, and will weigh heavy with the useful idiots, the sheeple. Expect lots of turmoil over this wealth separation in the next year or two.

In the end of it all, making a prediction here folks...

The middle class of the USA and Europe will STILL dwindle in number, and die on the vine. The poorest of the poor will die off with mass starvation. If ANY wealth gets redistributed, it will be going to corrupt 3rd world nation leaders, and NEVER find its way into the hands of the poor to better their lives.

The war will still happen, and untold heaps of souls will be killed because of it.

IT will ALL be false promises and wordsmithing; resulting in not much if anything for the other 99%.

You will also NOT see anyone at this meeting suggesting the BANKS eat a few of the bad bets they made, (derivatives), and maybe divest themselves of some of their debts written off, and trillions let loose for the masses betterment.

Pravdaseeker[/size][/b]