TV News LIES

Monday, May 21st

Last update05:20:13 AM GMT

You are here News Economy Richest 1% on target to own two-thirds of all wealth by 2030

Richest 1% on target to own two-thirds of all wealth by 2030

E-mail Print PDF
Richest 1% on target to own 2/3 of world's wealth by 2030

The world’s richest 1% are on course to control as much as two-thirds of the world’s wealth by 2030, according to a shocking analysis that has lead to a cross-party call for action.

World leaders are being warned that the continued accumulation of wealth at the top will fuel growing distrust and anger over the coming decade unless action is taken to restore the balance.

An alarming projection produced by the House of Commons library suggests that if trends seen since the 2008 financial crash were to continue, then the top 1% will hold 64% of the world’s wealth by 2030. Even taking the financial crash into account, and measuring their assets over a longer period, they would still hold more than half of all wealth.

Since 2008, the wealth of the richest 1% has been growing at an average of 6% a year – much faster than the 3% growth in wealth of the remaining 99% of the world’s population. Should that continue, the top 1% would hold wealth equating to $305tn (£216.5tn) – up from $140tn today.

More...


Most Recent Related Stories...


More than 1,000 economists warn Trump his trade views echo 1930s errors

More than 100 economists warn Trump about trade policy Over a thousand economists have written to Donald Trump warning his “economic protectionism” and tough rhetoric...

China's Xi renews vow to open economy, cut tariffs as U.S. trade row deepens

China's Xi vows to open eonomy, cut tariffsChinese President Xi Jinping promised on Tuesday to open the country’s economy further and lower import...

Wells Fargo slammed with $1B fine

Wells Fargo Federal regulators slapped Wells Fargo with a $1 billion fine on Friday over customer abuses in...

Fed Raises Interest Rates for Sixth Time Since Financial Crisis

Jerome H. Powell The Federal Reserve raised interest rates on Wednesday by a quarter of a percentage point and...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!