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Tag: wealth and income inequality

The Planet’s 500 Richest People Added $1.8 Trillion to Combined Wealth in 2020 Amid Warnings of Surging Worldwide Poverty

Posted by on January 3, 2021 in Economy with 0 Comments
The Planet’s 500 Richest People Added $1.8 Trillion to Combined Wealth in 2020 Amid Warnings of Surging Worldwide Poverty

Bloomberg’s year-end report on the wealth of the world’s billionaires shows that the richest 500 people on the planet added $1.8 trillion to their combined wealth in 2020, accumulating a total net worth of $7.6 trillion. #wealthInequality #WealthGap

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Study Shows Richest 1% of Americans Have Taken $50 Trillion From Bottom 90% in Recent Decades

Posted by on September 21, 2020 in Economy with 0 Comments
Study Shows Richest 1% of Americans Have Taken $50 Trillion From Bottom 90% in Recent Decades

New research published Monday found that the top 1% of U.S. income earners have taken $50 trillion from the bottom 90% over the past several decades #wealthinequality

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The 1% Will Own Two-Thirds of World Wealth Within the Next Decade

Posted by on September 13, 2019 in Business, Economy with 0 Comments
The 1% Will Own Two-Thirds of World Wealth Within the Next Decade

UK House of Commons Library predicts that the wealth of the 1% will rise to two-thirds of total world wealth by 2030. #TheOnePercent

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Poverty in the U.S. Is Both a Political and a Moral Choice Made By the Powerful

Posted by on December 27, 2017 in Corruption, Government, Policies, Politics with 0 Comments
Poverty in the U.S. Is Both a Political and a Moral Choice Made By the Powerful

International law affirms that everyone has the right to an adequate standard of living, including health care, food, work, and social protection in times of need. While these rights are often trampled upon by more repressive regimes, among the economically developed democracies the U.S. is virtually alone in callously disregarding them. It stands out in the extent to which it allows its citizens to suffer from food insecurity, homelessness, lack of access to affordable healthcare, and lack of suitable housing. Due to cutbacks in basic services, poverty has become a trap—a trap into which anyone can fall, and from which it is extremely hard to escape.

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