"If trends continue, Oxfam predicts that the most-affluent will possess more wealth than the remaining 99 percent by 2016, The New York Times reported.
Drill down the numbers even more and you'll learn that the 80 wealthiest people in the world possess $1.9 trillion, which is almost the same amount shared by some 3.5 billion people at the bottom half of the world's income scale.
of the lucky 80 were Americans with a combined wealth of $941 billion.
Germany and Russia shared second place, with seven uber-rich individuals
Not surprisingly, the richest were titans in the
finance, health care, insurance, retail, tech and extractives (oil, gas)
industries, and they paid fortunes to lobbyists to maintain or increase
their riches. Seventy of the world's wealthiest were men. And 11
members of the elite 80 simply inherited their wealth."
This is going back to the Middle Ages, where all the wealth was kept in the castle for the king and his close friends and family. Everyone else worked for the king under poverty income. Is that what we want? Not me.