why is it that the top 1 percent of people have 99 percent of the money and the rest of us split the 1 percent

Question

If you think about it . Bill Gates has 56 Billion dollars alone. Thats enough money should he decide to split it up and give it away, to make 560,000 people millionaires. Not that , that would ever happen.LOL.

Answer 1

The richest 1% of the people in the world have 40% of the world's household wealth. The richest 1000 people have over 2% all by themselves.
http://www.cbc.ca/money/story/2006/12/05/globalwealth.html

Answer 2

This is definatly not accurate, but I'll still answer the question.
Some people are briliant and know how to use their abilities to the best of their...uh...abilities. They can manipulate the world or have great orational skills. They are power-hungry, driven, and know how to acomplish whatever they want. THAT is why the elite have so much money and the rest of us don't. It's all about ambition and skill, baby.

Answer 3

Its not safe to say that 99% of the worlds total wealth is owned by just 1 % percent of the population. But I get your point, it the old problem of the uneven distribution of wealth.

Answer 4

thats why variations ought to be made. i prefer my tax funds to maintain the infrastructure, strengthen option power, help training our toddlers, and help human beings in hardship whilst it form of feels like this united states as of previous due has been all approximately gathering funds and components usually else for people who've their palms on the guidance wheel. Trickle down tricks. Like a nil.33 international united states, this has been 2 a protracted time of corruption and greed. No company welfare whilst undesirable working human beings cant feed their families and save a roof over their heads. i wish Obama takes issues in a various direction.

Answer 5

We do all the work to make the 99% richer....

Answer 6

This does not sound accurate - where do you get your data?

Answer 7

because they are smarter than we are...perhaps