TV News LIES

Sunday, Aug 02nd

Last update06:42:34 AM GMT

You are here News Economy Nation of Change: More Inequality Shock

Nation of Change: More Inequality Shock

E-mail Print PDF

inequalityInequality is a cancer on society, here in the U.S. and across the globe. It keeps growing. But humanity seems helpless against it, as if it's an alien force that no one understands, even as the life is being gradually drained from its victims.

The recent Oxfam report on global wealth inequality reveals some of the ugly extremes that have divided our world. It also directs our attention to the Global Wealth Report compiled by Credit Suisse, and the companion Databook, which offer a shocking testament to the severity of U.S. and global inequality.

1. The 30 Richest Americans Own as much as Half of the U.S. Population

The Oxfam report tells us that 85 individuals own as much as half the world. The U.S. is the biggest reason for that, with 5% of the world's population and 30% of the wealth. China, India, and Africa, on the other hand, combine for about half the world's population and just 12% of the wealth.

In the U.S., the richest 30 individuals own about $792 billion, while the bottom half of Americans own 1.1% of our country's wealth, also about $792 billion. That's 30 people owning as much as 157,000,000 people.

TVNL Comment:  Do NOT miss reading this entire article.  Do NOT.  Just do NOT...

More...


Most Recent Related Stories...


Social Security Disability Fund Will Run Dry Next Year

SS funds to run outThe 11 million Americans who receive Social Security disability face steep benefit cuts next year, the...

Obama acts to extend overtime pay for millions

ObamaSalaried workers who earn nearly $1,000 per week would become eligible for overtime pay under a...

Microsoft hangs up on Nokia business, to cut 7,800 jobs

MicrosoftMicrosoft Corp (MSFT.O) said on Wednesday it would cut 7,800 jobs, or nearly 7 percent of...

Massachusetts Home Care Workers Win Fight For $15

Home care workersMassachusetts home care workers have notched the latest victory in the Fight for $15.Under an agreement...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!