Central Banks And The 1%---Why The Yawning Inequality Gap Isn't Sustainable

This year, I simply couldn’t get one fact out of my head: according to a 2017 report from the Institute for Policy Studies, three billionaires -- Jeff Bezos, Warren Buffet, and Bill Gates -- have amassed as much wealth as the bottom half of American society. That’s 160 million people! (And unlike our president, I don’t use exclamation points lightly or often.) Or as Oxfam reported in January of this year, the wealth of eight men -- and yes, they were men (including the three mentioned above) -- was equal to that of half the people on this planet in 2017. Yikes! And just to give you a sense of where we’ve been heading at supersonic speed, an Oxfam report a year earlier had 62 billionaires owning half the planet’s wealth. Imagine that: 62 to eight in a single year.

 

 

 

http://www.tomdispatch.com/post/176507/tomgram%3A_nomi_prins%2C_a_world_that_is_the_property_of_the_1%25/#more

 

 

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