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The Distribution of Wealth in Today’s World

The Distribution of Wealth in Today’s World

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Published by Michael Drew Prior
A brief look at the facts about the global distribution of wealth, and an analysis thereof.
A brief look at the facts about the global distribution of wealth, and an analysis thereof.

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Categories:Types, Research
Published by: Michael Drew Prior on May 19, 2013
Copyright:Attribution Non-commercial

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05/14/2014

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The richest .6% of people (the world’s millionaires, in U.S. dollars) own39.3% of the world’s wealth. (According to Statista.com)The richest 1% of people own 43% of the world’s wealth.The richest 20% of people own 94% of the world’s wealth.The other 80% of people own 6% of the world’s wealth.The poorest 60% of people own 3% of the world’s wealth.(All but the first sentence according to therules.org)
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This distribution of wealth is grossly unjust. Those who are richproclaim the justice of this distribution loudly (through the public media,which they own almost all of), endlessly, and sometimes subtly.
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However, the existing distribution of wealth is not the result, mostly, ofany just process, such as “those who work hard and/or smart become morewealthy.”
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The existing distribution of wealth is the result, largely, of selfishness,force, violence, intimidation, power, theft, unfair appropriation, unfair laws,unfair regulation and the lack of regulation, unfair taxation, socialization ofcosts, privatization of profits, the astronomical profits created by the totallyunconstitutional federal reserve system for its private owners (banksters),luck, and the lack of conscience and consciousness.
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The existing distribution of wealth causes huge, devastating problemsworldwide--starvation, extreme poverty among extremely hard workingpeople, social degradation, chemical pollution, the extreme waste andmisuse of resources, unemployment, ecological chaos, superfluous waste,the extreme imbalance of power--such as to make democracy a fantasyand illusion, the loss of human solidarity, warfare, fortunes wasted onweapons, the loss of civil liberties, police states, dictatorships, thedestruction of nature.

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This revised again 5/22/13.

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