More good news for the nation (sarcasm)…….
We hear a lot about oligarchy these days…..the oligarchs ruling Russia….even they control everything here in the good old US of A.
There is some disturbing news out there…..things are NOT getting any better for us mere mortals…..the oligarchs will control 70% of the wealth very very soon…..
America’s rich just won’t quit getting richer, according to a new study released in mid-June by the Boston Consulting Group (BCG), a global management consulting firm. The study, which seeks to analyze the global wealth management industry, as well as the evolution of private wealth, uncovered some startling statistics that suggest that global financial inequality will grow significantly by the year 2021.
The firm found that the already massive gap between the world’s wealthy elite – the approximately 18 million households that hold at least more than $1 million in assets – and everyone else is continuing to widen at a remarkable rate. The estimated 70 million people who make up these households were found to control 45 percent of the world’s $166.5 trillion in wealth. And in just four more years, it is estimated that they will control more than half of the world’s wealth, despite representing less than 1 percent of the world’s current population.
So if you buy into the slogan America First then you are being duped…..it should be….Greed First, People Last.
And it is only getting worse with each election…..soon we will be a country of slaves and masters…..thank GOD I am old!