Eight people own as much as 3.6 billion do

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This is old news, I guess, but worth keeping in mind.  In the years right before the French Revolution, did eight aristocrats own as much as the poorest 50 percent of the French peasants?

LINKS

Visualizing a Disturbing Truth: 8 Billionaires Own As Much as 3.6 Billion People for howmuch.   Explains who the eight billionaires are.

Income share for the bottom 50 percent of Americans is collapsing, new Piketty research finds by Steve Goldstein for MarketWatch.

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2 Responses to “Eight people own as much as 3.6 billion do”

  1. Kurt Brindley Says:

    I am so conflicted by all the income inequality stuff.

    I am less concerned about the amount of money than I am the power that tends to accumulate with it.

    I am less concerned about these high profile eight – because we know a lot about them and that what we do know is mostly benign – than I am of all the unknown gazillionaires who thrive in the shade; and I am most concerned about those autocratic billionaires who yield the money and power of the state they dominate, a la Putin, surely the most richest person/thug in the world.

    Wealth isn’t a zero sum game so I don’t personally hate on the legitimate wealthiest, I just hate on the enormous amount of sustained, self-motivating effort, drive, know-how, and luck it takes to become one of them.

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  2. ashiftinconsciousness Says:

    There is absolutely nothing “legitimate” about consolidating billions of dollars while so many starve and exist without a home. Break the indoctrination. Just saying…

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