The 3 richest people in the world have assets between them in excess of £100 billion.
The 43 poorest nations of the world also share assets of approximately £100 billion.
The 200 wealthiest individuals in the world have assets between them equal to the assets shared by the world's 2.25 billion poorest people.
Put another way, the richest 0.000033% of the population are collectively worth the same as the poorest 38% of the population, and for every one of those very wealthy people there are over 11 million of the very poorest.
Of those 200, 65 are in the USA and 55 are in Europe. Most of the very poorest aren't.
55,000 people (1/100th of a percent of the population) have individual assets in excess of £20 billion each.
7 million people (1/12th of a percent of the population) have individual assets in excess of $1 million (£625,000).
The population of the world is approximately 6 billion, and the poor outnumber the rich no matter how you look at it.
If the 55,000 individuals who have assets in excess of £20 billion each gave half their wealth away, spreading it equally to everyone in the world, everybody would be over £100,000 better off. The 55,000 would still be very wealthy, with individual assets worth in excess of £10 billion pounds each, the rest of the world would be considerably better off (the UK alone would gain £6 trillion).
That sounds good in principle, but falls over when you realise that most of that wealth is intangible, essentially based on debt which could never be realised in order to be distributed. Put another way, if the 55,000 individuals actually went to the financial institutions and demanded their money so that they could distribute it, the global economy would be exposed for the sham it is and would collapse. More of this elsewhere.....
On an individual level, lets hear a collective "Aaah" for the world's former richest man.
Bill Gates had £53 billion in the late '90s, by 2001 it had fallen to "only" £37.5 billion. This removed him from the number one slot in the list of the world's richest people.
This position was taken in early 2001 by S. Robson Walton of Walmart fame, with an estimated personal wealth of £43.5 billion. Walton began with a single Mid-West store in 1962 and now has 4,000 branches worldwide with over 100 million customers and annual sales of £120billion. Next time you shop in a Walmart store (and that now includes Asda) just think of the little contribution you are making to keep the world's wealthiest in the number one slot. Every item passing over that check-out scanner is adding to old SRW's great wealth. Now, doesn't that make you feel good ?
Still, there is hope for the rest of us..... just open a little store somewhere and work hard at it.
If you wealthier type are wondering what to buy with your money, consider this:-
Almas caviar is white, comes from Iran and is taken from beluga sturgeons over 100 years old. Only 10kg to 15kg are extracted each year. Each 250gm portion, in a gold-plated tin in its own humidor box, sold for approximately £3,850 in 2001. By all accounts it was very tasty, although the same outlay could buy you your very own human being in parts of West Africa, who you could then free, educate and set on their own two feet.
So, what is it to be - instant and transient gratification of the taste-buds or helping your fellow man ?
Of course - silly me - you'll do BOTH, and all before breakfast.
The average UK citizen is around the 50 millionth richest person in the world - out of 6 billion.....
Having said that - the UK had some 4 million people (by mid 2000 and out of 56 million - that's 7%) with £50,000 avaiable to invest, work it out..... that is £200 thousand million or £3,300 for each UK citizen. Or maybe a little more than that for each nurse in the NHS.
Not likely - we would rather spend £18 million pounds on a 22 year old footballer than someone who changes bed-pans and looks after our sick.
Not that your earning power has anything to do with your skills or willingness to do the jobs no-one else wants to do - it seems your height and looks are crucial. Yes - tall men earn 10% more than their shorter colleagues and those regarded as better looking earn 15% more. This was highlighted in research done at the London Guildhall University.
Of course, a good job in the city for a graduate can pay up to £75K/ann, rising to £100k with annual bonuses of between £250k and £1Million when you are in your mid to late twenties - could this explain why there is a nursing crisis in the NHS and a shortage of teachers?
At the start of the 1990's, chief exectuvies earned about 40 times as much as the average worker.
By the end of the 1990's, chief executives earned about 400 times more than the average worker.
Interestingly, the chief executives had more responsibility for deciding salaries and wages too.
Don't ever let anyone tell you that poverty is either
[a] is a favourite of economists, [b] an excuse of the wealthy - neither will admit to the desire of governments, multi-national corporations and the very wealthy to keep the poor in that state, enabling them to oppress and manipulate nations, peoples and social groups.
Keeping the poor in poverty keeps the rich in control. Discuss.....