Why do you think 96% of the worlds wealth is controlled by 1% of the population?
2007-02-15 17:14:27 · 4 answers · asked by ONEMIND 2 in Social Science ➔ Economics
Where did you get this number????
The UNU-WIDER report is "the most comprehensive study of personal wealth ever undertaken,"
The study reveals that the richest 2 percent of adults owned half of the world’s wealth in the year 2000. Further, it reports that just 1 percent of adults owned 40 percent of global assets alone, and that
the richest 10 percent of adults accounted for 85 percent of the
world total.
2007-02-15 22:39:14 · answer #1 · answered by meg 7 · 0⤊ 1⤋
there is plenty of energy and wealth to go around as would make every person in this country comfortable, safe and probably much happier, but then we would not be a world power. In order to influence the movement of world politics, economy and actions, it requires that most of that energy be focused in controlable areas. Thus, only a haldfull of people in this country have the control nessesary to ensure the US remains a world power... the real question is... do we as a people, need to be a world power?
2007-02-16 01:37:56 · answer #2 · answered by Jack of 4 2 · 0⤊ 0⤋
because that 1% are a bunch of theives who think the other 96% of the world don't know what they're upto
2007-02-16 02:18:50 · answer #3 · answered by therna 3 · 1⤊ 0⤋
Because we don't trust the rest of you to handle your money.
2007-02-16 01:18:34 · answer #4 · answered by yeraluzer 4 · 1⤊ 1⤋