October 26, 2014 |
Global inequality, like global warming, is a disease that may be too far along to ever be cured.
We seem helpless, both in the U.S. and around the world, to stop the incessant flow of wealth to an elitist group of people who are simply building on their existing riches. The increasing rate of their takeaway is the message derived from the Credit Suisse Global Wealth Databook (GWD).
It's already been made clear that the richest Americans have taken almost all the gains in U.S. wealth since the recession. But the unrelenting money grab is a global phenomenon. The GWD confirms just how bad it's getting for the great majority of us.
1. U.S. -- Even the Upper Middle Class Is Losing
In just three years, from 2011 to 2014, the bottom half of Americans lost almost half of their share of the nation's wealth, dropping from a 2.5% share to a 1.3% share (detail is here).
Complete story at - The Stark Facts of Global Greed, a Disease as Challenging as Climate Change | Alternet
Global inequality, like global warming, is a disease that may be too far along to ever be cured.
We seem helpless, both in the U.S. and around the world, to stop the incessant flow of wealth to an elitist group of people who are simply building on their existing riches. The increasing rate of their takeaway is the message derived from the Credit Suisse Global Wealth Databook (GWD).
It's already been made clear that the richest Americans have taken almost all the gains in U.S. wealth since the recession. But the unrelenting money grab is a global phenomenon. The GWD confirms just how bad it's getting for the great majority of us.
1. U.S. -- Even the Upper Middle Class Is Losing
In just three years, from 2011 to 2014, the bottom half of Americans lost almost half of their share of the nation's wealth, dropping from a 2.5% share to a 1.3% share (detail is here).
Complete story at - The Stark Facts of Global Greed, a Disease as Challenging as Climate Change | Alternet
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