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Number Of Global Billionaires Has Doubled Since The Financial Crisis

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http://www.independent.co.uk/news/world/politics/number-of-global-billionaires-has-doubled-since-the-financial-crisis-9826345.html

The number of billionaires has doubled since the start of the financial crisis, according to a major new report from anti-poverty campaigners.

According to Oxfam, the world’s rich are getting richer, leaving hundreds of millions of people facing a life “trapped in poverty” as global “inequality spirals out of control”.

The report found that the number of billionaires in the world has more than doubled to 1,646 since the financial crisis of 2009, and Oxfam says is evidence that the benefits of a return to economic growth are “not being shared with the vast majority”.

The influential report is supported by Bank of England chief economist Andrew Haldane and Nobel Prize-winning economist Joseph Stiglitz. It notes that since 2009 one million women have died in childcare due to lack of basic health care, and that 57m children are currently missing out on any form of education.

The charity, which published the report as part of its new Even It Up campaign, also found that the richest 85 people in the world have the same wealth as the poorest half of the world’s population.

Central bank policy success. The rich are getting richer and the poor get poorer and soon will only have access to goods via a rental system. Everyone to pay a tribute to our financial gods.

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And there is that Paul O'Grady ... he is running Apple now!

I read that the Blairs are raking in 120 million a year now.

And there is that Paul O'Grady ... he is running Apple now!

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Its funny in a way.

Trickle down has never been an economic theory. No economist has ever put their name to it.

It was infact used disparagingly by those against Reagan reforms. In time however the mainstream right seems to have forgotten this and now actually have assumed it was a theory.

Quite pathetic really.

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