Posts Tagged ‘OxFam’

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US wealth inequality – top 0.1% worth as much as the bottom 90%

There are words for this:

Plutocracy
Kakistocracy
Aristocracy
Fascism
Wealth Inequality
Bad Policy
Class War
Corruption

wealth-change-epi

Just so you know where all the money went after that “crash” of 2008. It seems not everyone crashed. In case you haven’t been paying attention…

According to Oxfam, the world’s rich are getting richer, leaving hundreds of millions of people facing a life “trapped in poverty” as global “inequality spirals out of control”.

Number of global billionaires has doubled since the financial crisis

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In the US, the wealthiest one percent captured 95 percent of post-financial crisis growth since 2009, while the bottom 90 percent became poorer. “

Read it and weep…

The Neo-Liberal Deception