Richest 1% may own half of global wealth by 2016 by Dhara Ranasinghe

“The world isn’t fair. Tom Brady probably told his equipment team that he likes his footballs as soft as possible, and the top 1% wealthiest families in the world are about to control half of the entire world’s wealth. Life isn’t fair, and it never has been. I tell my daughter constantly, ‘Life isn’t fair; it’s bad for too many, good for a bunch and great for only a few.–it’s your choice which group to be in.

In this article you will read that while billions of people can barely get a meal and another billion live on $1.25 per day, the rich keep getting richer. Rather than hating on those that have created so much, emulate what these people have done to create that much prosperity. The way to get what others have is not to hate them, but to emulate them.” – GC

Richest 1% may own half of global wealth by 2016 by Dhara Ranasinghe

The combined wealth of the world’s richest 1 percent could overtake that of the other 99 percent by 2016, according to a report by Oxfam published Monday, as billionaires, politicians and business leaders gather in Davos for the annual World Economic Forum.

In a study called “Wealth: Having it all and wanting more.” the international charity warned that a sharp rise in inequality was holding back the fight against global poverty at a time when 1 in 9 people do not have enough to eat and more than a billion people live on less than $1.25 a day.

Read the Full Article at: CNBC

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