TV News LIES

Thursday, Feb 27th

Last update11:46:37 PM 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...


Wall Street slides as gloomy data adds to coronavirus fears

Wall Street slid on Friday due to coronavirusU.S. stock indexes fell on Friday after data showed U.S. business activity stalled in February, while...

Express closing 91 stores as fashion retailer grapples with declining sales

Express closing 91 stores Fashion retailer Express plans to close 91 stores as part of a "fleet rationalization" after a...

There’s a 70% chance of recession in the next six months, new study from MIT and State Street finds

Stock market recession predictedThere’s a 70% chance that a recession will hit in the next six months, according to...

Bed Bath & Beyond plans to close at least 40 stores this year but open 15 new locations

bed Bath & Beyond to close 40 storesBed Bath & Beyond will be closing and opening stores this year. The New Jersey-based home goods retailer, which...
 
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!