Concentration of Wealth

In early 2014 Oxfam International released some interesting statistics regarding the distribution of the world’s wealth. Here are some of the highlights:            1% of the population owns
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WEALTH IN THE USA (Photo credit: er00mb0b) In early 2014 Oxfam International released some interesting statistics regarding the distribution of the world’s wealth. Here are some of the highlights:            1% of the population owns about 50% of the wealth.          This 1% owns $110 trillion.          $110 trillion is 65 times the wealth owned by the bottom (economically) 50% of people.          The bottom 50% owns the same amount of wealth as the top 85 wealthiest people.          In the United States, the top 1% received 95% of the growth since 2009 while the 90% lost wealth. That there is an extremely unequal distribution of wealth is hardly surprising. In my very first political science class, I learned that every substantial human society has had a pyramid shaped distribution of wealth. Inevitably, the small population of the top owns a disproportionally large amount of wealth while the large population at the bottom owns a disproportionally small amount of wealth. This. . .

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News source: Talking Philosophy

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