Where you at? UN: World's richest 2% own half global wealth

[RiseandShine]

The world's richest 2% of adults own more than half of global household wealth, while half the world's population own only 1%, a United Nations report published on Tuesday showed.

"The study finds wealth to be more unequally distributed than income across countries," Anthony Shorrocks, director of the Helsinki-based World Institute for Development Economics Research of the United Nations University that published the report, said at a press conference.

article:

http://www.mg.co.za/articlepage.aspx?area=/breaking_news/breaking_news__international_news/&articleid=292476

study:
http://www.wider.unu.edu/research/20...-5-12-2006.htm

[subterFUSE]

Re: Where you at? UN: World's richest 2% own half global wealth

Is this supposed to be some kind of huge reveleation?

Duh.

To be among the most affluent 10% of adults required $61 000 dollars in assets, while more than $500 000 dollars was needed to belong to the richest 1%.

$61,000 in assets = top 10% of the world?

That's not a lot of money. One of my cars costs more than that. There's millions of people in the USA with way more personal assets than that.

This study is more of a testamonial on how large the world population is, and how non-capitalistic economies are failures.

[Lorn]

Re: Where you at? UN: World's richest 2% own half global wealth

Or meat for the reallocation people.

[day_for_night]

Re: Where you at? UN: World's richest 2% own half global wealth

Is this supposed to be some kind of huge reveleation?

Duh.



$61,000 in assets = top 10% of the world?

That's not a lot of money. One of my cars costs more than that. There's millions of people in the USA with way more personal assets than that.

don't be so sure about that. alot of people own homes and cars, which make up the majority of an averagae middle class person's wealth...but how many of them own their homes outright? when you take into account the huge debt of a mortgage, many people who look wealthy at first-glance are really in the red due to their mortgage...

[Lorn]

Re: Where you at? UN: World's richest 2% own half global wealth

^You bet...they should rank it by debt loads instead of assets.

[thesightless]

Re: Where you at? UN: World's richest 2% own half global wealth

darwinism at work. the stupid ppl cant survive, let them die. it worked so far in regards to the earth's population of creatures. stop trying to prevent it with all these social programmes and diplomacy. only the strong survive.

[RiseandShine]

Re: Where you at? UN: World's richest 2% own half global wealth

Is this supposed to be some kind of huge reveleation?

Duh.



$61,000 in assets = top 10% of the world?

That's not a lot of money. One of my cars costs more than that. There's millions of people in the USA with way more personal assets than that.

This study is more of a testamonial on how large the world population is, and how non-capitalistic economies are failures.

Did I say this was revelation?
stfu and try to be constructive - this is the latest report on this topic and was released this week.
btw I don't care about what you or your cars are worth
and no, this report does not have an political agenda - it is supposed to be a UN report, go search for the definition of what the UN is

[Yao]

Re: Where you at? UN: World's richest 2% own half global wealth

If you're too blind to see that the West itself is using any weakness in other states' systems and is extremely agressive in promoting it's own economic interests, then please pick up some reading material on it Sean, instead of playing the darwinism card. That only goes when you're talking of reasonably equal circumstances, not when you're looking at a skim of $500 BILLION a year by the West of African tax revenues, or the constant mingling of US politics in South American affairs. Read the economist, or the financial times...they'll give you some interesting material on this.

[thesightless]

Re: Where you at? UN: World's richest 2% own half global wealth

yet again, NY sarcasm goes unnoticed. too bad, im in that upper tier, and im not going away anytime soon, i work for what i get and too bad to those who dont.

[Miroslav]

Re: Where you at? UN: World's richest 2% own half global wealth

yet again, NY sarcasm goes unnoticed. too bad, im in that upper tier, and im not going away anytime soon, i work for what i get and too bad to those who dont.

we can all count our blessings that we happened to be born where we were...if our lives had begun in a different place, there may not ever have even been an opportunity to achieve material comfort through hard work.

[thesightless]

Re: Where you at? UN: World's richest 2% own half global wealth

we can all count our blessings that we happened to be born where we were...if our lives had begun in a different place, there may not ever have even been an opportunity to achieve material comfort through hard work.

i was born in a bad neighborhood in queens NY, lived in a ghetto until i was 5, my parents were poor. my father grew up poor in brooklyn, my mother was one of 8 living in a 3 bedroom house in ireland. dont tell me about being born into a situation. my father stayed in college after i was born, earned a degree, got an apartment in a decent Long island area, and worked his ass off to put himself where he is. he didnt give me a penny, i pay my own college loans, bills, always have. when i want something, i work overtime. again, no pity here, NY has its fair share of poor places, im from one of them.

[rubyraks]

Re: Where you at? UN: World's richest 2% own half global wealth

yeah, but don't even try to compare the poor places here in the US to the poor places in any of the third world countries (developing countries for PCness). What the poor in the US have is the equivalent of middle class in many of those other poorer countries. So our opportunities are multiplied exponentially just by being born in the US.

[subterFUSE]

Re: Where you at? UN: World's richest 2% own half global wealth

yeah, but don't even try to compare the poor places here in the US to the poor places in any of the third world countries (developing countries for PCness). What the poor in the US have is the equivalent of middle class in many of those other poorer countries. So our opportunities are multiplied exponentially just by being born in the US.

A testamony to the complete failure of non-capitalistic economies.

[RiseandShine]

Re: Where you at? UN: World's richest 2% own half global wealth

yes, everything is black or white, capitalism is the only way to go - infidels should be preached the hard way

[thesightless]

Re: Where you at? UN: World's richest 2% own half global wealth

yes, everything is black or white, capitalism is the only way to go - infidels should be preached the hard way

who can honestly deny the benifits of capitalism at this point? every coutry that has embraced it has benifitted. look at post stalin russia, all of europe, most of the americas.... places without it...... well, it stands for itself. you cannot generate wealth on a national scale in any other system unless you own oil.