The 62 Richest People On Earth Now Hold As Much Wealth As The Poorest 3.5 Billion

(Under the left cover of the CHANGE administration, the wealthiest oligarchs are simply getting richer by the minute. With the TPP and the TTIP waiting in the wings, this trend is about to explode at an even higher rate of speed. Just wait til some Mexican oligarch (Carlos Slim) sues the state of Florida for making his business interests pay a minimum wage or til Soros’ hedge fund sues the US government for not letting them import slaves from Africa… oh wait… I’m sorry… they’re called “refugees” these days, aren’t they?)

by Emily Peck, Huffington Post

All the money in the world is growing ever more concentrated in the hands of just a few people, a report released Sunday night makes clear.

Just 62 ultra-rich individuals — a list that is primarily made up of men and includes Bill Gates, Warren Buffett, the Koch Brothers and the Walmart heirs — have as much wealth as the bottom half of humanity. Five years ago, it took 388 rich guys to achieve that status.

The wealth of the richest 62 has increased an astonishing 44 percent since 2010, to $1.76 trillion. Meanwhile, the wealth of the bottom half of the world dropped by 41 percent.

“This is terrible,” Gawain Kripke, Oxfam’s Policy Director, told The Huffington Post. “No one credible will say this is good for the world or good for the economy.”

[read more here]

7 Responses

  1. The luckiest among us will be working in Bummer’s kitchen, making his birthday cakes, smiling big.

    The rest will be headed to Flint

  2. Those “ultra-rich” on the list are beggars compared to the real rich rulers of the world, whom never end up on a “list”. It’s makes me chuckle when I read about the richest man in the world Bill “eugenics by vaccine” Gates.

  3. when the Rothschilds aren’t on the list, you know it’s fake.

  4. Scott, what makes you so sure Jeb will be the next president? Isn’t he doing so badly right now?

    • Obama was doing badly in 2007 wasn’t he? And McCain was dead last in Dec. 2007 as well. You seem to forget how Jeb’s brother got elected in 2000 (Supreme Court and vote rigging in Florida) and how he remained in power in 2004 (electronic voting machine hacking in Florida and Ohio). You also seem to forget how “W” was the guy who pushed the Help America Vote Act which put tons of cash into installing electronic voting machines across the country. And for that matter, his father, George H. W. Bush was forced onto Reagan’s ticket by Rockefeller. Everybody hated him as well, but there he was (then 60 days after Reagan took office, the son of a business partner of Bush’s tried to kill Reagan… which would have made Bush the president)

      They don’t need to present a candidate that will win. They need to present a narrative that explains how the exit polls don’t match the election results.

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