Does 1% of the population control 96% of the worlds money?

Question

bob proctor on the documentary the secret went on camera saying 1% of the population controls 96% of the money in the world. the us census projects 6,540,486,648 billion people in the world as of today aug. 28th. that would make a little more than 6,540,000 people the controllers of the 96% of money in the world. 4% is everyone else. are those figures correct?

Answer 1

I don't know. But Hey, if it was on TV it must be true! Television doesn't lie!

Answer 2

No. 96% of the population controls 1 % of the worlds money.

Answer 3

Money is like what blood is to the body and businesses are like veins. They are where money can flow through. The bigger the business the more money can flow through it like a pipe. The more money that can flow through it, the more worth the people in charge of that business have, as they control that money.

Money in the bank or in an fund is not really controlling that money. Controlling money would be buying and selling things. Businesses by far, buy and sell way more then a single person does. So those that own and control businesses, have control of the direction of that business, what that business buys and sells in large scale.

Answer 4

Yes. Do you know how it got to be this way? The stupid 96% empowered the 1%. For example, consider Bill Gates - is he really deserving of his massive fortune? Clearly one can say he is not. He got so rich by exploiting those who worked for him and convincing stupid people to buy Microsoft products that are full of defects.

Microsoft also exploits the very programmers who made it wealthy by using them as free quality control sources.

Wealthy men are usually evil. What Bill Gates and Warren Buffet think is good is only their idea of goodness.

The masses should reclaim the wealth and redistribute it. We don't need kings or queens or presidents!

Answer 5

Yes, very true.

and the top 500 people alone control 50% of the world's money.

Answer 6

because, what you and genuinely each body else fails to comprehend is this international is administered by using a small crew of human beings. They own great businesses like Coca-cola, McDonald's, Starbucks and so on. they have equipped an elite gadget the position they administration you. look at it like this. you paintings fairly troublesome, to run their countries, and their land. then you definitely provide them you money with a view to "run your u . s .," and "help you," and in go back for all this, you get to stay. They scare you and administration you in diverse approaches. i received't have defined this precise, i ought to propose you watch the Arrivals. that's lengthy, i recognize. it may even look stupid at situations, yet I assure, in case you watch it throughout, your eyes will be opened, and your concepts loose. you'll defiantly comprehend this more beneficial valuable. desire I helped =)

Answer 7

Yes they do and did you know that our wonderful president just downsized the IRS focusing on personnel who audit the richest Americans. Just one of many ways this administration shows disdain for the middle and working class in this country.

Answer 8

I don't know whether it is true, but I do know that it is close enough to being accurate that it is believable. I mean, didn't Imperial Oil make more money last year than most countries' GDPs?

Answer 9

I think it's more like 8% control 90% of the wealth. Still a pretty small minority, don't you think so?

Answer 10

those numbers are basically correct. depending on your sources, they will fluctuate between 1-5% and 95-99%, respectively. but its basically true.