Class war my ass - The Richest 1% of people own nearly half of global wealth, says report

[malaise]

http://www.theguardian.com/business/2014/oct/14/richest-1percent-half-global-wealth-credit-suisse-report
<snip>
The richest 1% of the world’s population are getting wealthier, owning more than 48% of global wealth, according to a report published on Tuesday which warned growing inequality could be a trigger for recession.

“Taken together, the bottom half of the global population own less than 1% of total wealth. In sharp contrast, the richest decile hold 87% of the world’s wealth, and the top percentile alone account for 48.2% of global assets,” said the annual report, now in its fifth year.

The report, which calculates that total global wealth has grown to a new record – $263tn, more than twice the $117tn calculated for 2000 – found that the UK was the only country in the G7 to have recorded rising inequality in the 21st century.

Its findings were seized upon by anti-poverty campaigners Oxfam which published research at the start of the year showing that the richest 85 people across the globe share a combined wealth of £1tn, as much as the poorest 3.5 billion of the world’s population.

[Earth_First]

1. Their time will come... nt

[malaise]

9. Sometimes I think they forget that we know the war was against us

not them.

[liberalmike27]

22. Yea, That's All I Had

The Class War is certainly raging, and the rich are annihilating the rest of us, unlike the television and radio representation. Of course, on the rich man's media, it's always viewed as the evil poor, or some terribly liberal television announcer suggesting the rich might pay a wee bit more in taxes, though they'd still be left with so much more than the rest of us it might leave us weeping. Sadly, people are so bad with math, a lot of them don't even understand how much more they have, and whine, yes, cry along with the rich talking heads, about the plight of those downtrodden moneyed Magnates, whose only crime is living in opulence. Pity the rich, for they have to pay taxes, well, a little bit. Quite a lot less than the rest of us, but the number is more, they can assure you of that!

[hobbit709]

2. The war is over, the rest of us are just scrabbling for the crumbs.

Until the great shortening comes.

[cantbeserious]

3. The Oligarchs, Corporations And Banks Own And Control The Politicians That Own And Control Us

And yet some wonder why there is so little change.

[RKP5637]

4. That's pretty much the bottom line. People think they have choice, but those choices are

controlled, as well as the results. Those backed by $$$$$ come to prominence and the rest are pushed to the background. Those backed with propaganda often win. The whole system is rigged, but many IMO still don't get what is going on, especially with the endless non-stop nauseating TV ads for politicians. All one need do is briefly look at the Koch Brother's investments in advertising.

Change comes, but that change is generally controlled to benefit the monied with great assets and money. It is not going to end well for humanity IMO, because we have a multitude of misdirected priorities..

[TBF]

5. More accurately described as a coup -

instigated by the Street at the end of W's reign.

I have never been so happy as when the Obamas walked Bush to his helicopter and he actually left town. But as we've found out the damage was already done.

[malaise]

10. Never forget that Citycorp document

promoting the plutocracy.

[ReRe]

7. All the time they have whined...

..."Class warfare," (since Reagan at least, if not the beginning of effing time,) they have been waging it against the populace, and indeed the world. Remember your sociopathic manual: it's just what they do. Listen, I'm warning everyone, if you have a friend or associate who accuses you of something which you know to your core is untrue, you are in the presence of one of these heartless sociopaths. They're all a bunch of whining thieves.

[malaise]

11. Correct is right

Well said

[3auld6phart]

21. Hellfire

You are right.This has been going on since the beginning of time.The kings and barons had their witch doctors ( priests,etc. )keep us peons in line with tales of hellfire and brimstone.Those who called for social justice were soon culled and sentenced to the everlasting fires of hell.

[ReRe]

25. That's right...

... burned at the stake or hung in groups. They've got OUR money in THEIR pockets and they accuse the 99% of waging class warfare.

[Enthusiast]

8. Kicked and recommended!

Thank you, malaise.

[ProfessorGAC]

12. Sounds Like Class War To Me

Just not in the way the conservatives mean it. It's certainly economic war on everyone else.

[malaise]

15. Precisely

The 1% and their lackeys have been waging war on the rest of us

[EEO]

13. The corporations will be running things overtly soon unless this trend is reversed.

[Ichingcarpenter]

14. Yet.......''Don't soak the rich''

was just posted today on DU....

So much for that thread...... kick and nominate yours.

[BrainDrain]

16. Everyone talks about..

how "their" time will come. yet, here we are STILL in it, and the rich are getting richer and we still do what? Talk about it. No action, no pitchforks and torches, nothing.

It grows tiresome to read this over and over and over. When will enough be enough?

When will we burn their castles and make them pay with their very lives like many today pay with theirs so that the rich can have a bigger house or a new yacht?

The time for talk is over, the time for retribution SHOULD be at hand.

[Dont call me Shirley]

20. Or do like in the movie "Now You See Me" where the magicians drain money from the rich man's

account and put it into the accounts of all the audience members.

[ReRe]

26. That's the ticket...

... maybe Anonymous could arrange something like that. Now wouldn't that be something. Put 'em all out of business in one fell swoop. Take our money back!

[Dont call me Shirley]

31. Whoot!

[rurallib]

17. Who could have predicted - oh yeah, George Carlin (3 minutes)

[SmittynMo]

19. BINGO!!!!

[malaise]

23. Seriously that was one of the greatest men of the 20th Century

Still love him

[CrispyQ]

18. I'm waiting for the day SCOTUS gives corporations the right to vote.

[malaise]

24. Hey wait

That happened already

[corkhead]

27. love that graphic

note that the ones on the bottom could flip the whole thing over... if they chose to.

[ladjf]

28. Judging by the sentiments of the post in this thread, it's apparent that most

DU posters at least understand what has happened to us and who caused it. That's a start.

[malaise]

30. Some DUers

[lonestarnot]

29. When we start eating them wake me up.

[Octafish]

32. Explains austerity.

When you buy government, you expect it to deliver.

[Turborama]

33. K&R Thanks for sharing n/t