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Huttriver of New Zealand > Intel > The world's rich are getting richer and the poor even poorer...

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The world's rich are getting richer and the poor even poorer...


The world's rich are getting richer and the poor even poorer. How grotesque is that...

According to the London 'Guardian' newspaper, the richest 1% of people in the world own 40% of the world's wealth.

And those in financial services and internet sectors predominate among the super-rich, they claimed.

A UN study found 37% in the US, 27% in Japan, and 6% in Britain were among the richest. The poorest half of the world's population own barely 1% of the world's wealth.

The old adage of the rich getting richer, and the poor getting poorer is understated!

Duncan Green, head of British charity, Oxfam, claimed the levels were grotesque, and impossible to justify by any stretch of the imagination - it is impossible to justify such vast wealth , when 800 million people go to bed hungry every night. Indeed!


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Huttriver. 21's Team

Contributed by Huttriver of New Zealand on January 31, 2008, at 2:10 AM UTC.

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This intel was contributed by Huttriver of New Zealand


Huttriver of New Zealand

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