Inequality in America is bad, far worse than many other nations, but when viewed on a global scale it’s truly epic.
The combined wealth of the world’s richest 85 people is now equivalent to that owned by half of the world’s population – or 3.5 billion of the poorest people – according to a new report from Oxfam. [...]
According to the report, 210 people have become billionaires in the past year, joining a select group of 1,426 individuals with a combined net worth of $5.4 trillion.
It added that the wealth of the richest one percent of people in the world now amounts to $110 trillion, or 65 times the total wealth of the bottom half of the world’s population.
I’m sure the 3.5 billion people who have less money than the richest 85 people (holy shit?) are just lazy freeloaders and victims looking for a handout. They’re the 47 percent of Earth.
