deleted by creator
FYI (and I expect to be downvoted because y’all don’t want to hear this), but when an article talks about the “global 1%” it’s probably talking about YOU.
Yes, you. And me. And probably most of the people reading this, who live in the US or another Western country and consider themselves “middle class.” WE are the global 1%.
From https://www.vox.com/future-perfect/2023/9/15/23874111/charity-philanthropy-americans-global-rich :
If you earn $60,000 a year after tax and you don’t have kids, you’re in the richest 1 percent of the world’s population.
Also, if you prefer to measure by wealth instead of income, that’s lower than you think, too. I’m having trouble finding a more recent figure, but as of 2018, the threshold to be considered global 1% in terms of net worth was only $871,320. No, didn’t typo: it really is only hundreds of thousands, not millions or billions.
(The billionaires are more like the 0.01%.)
That “study” is a charity trying to guilt people into giving money. When you adjust for PPP it becomes quite a different story. The media loves it because it drives clicks but it’s literally just a calculator to guilt you and a list of approved charities.
This is what Oxfam has to say, from the actual article.
The immense concentration of wealth, driven significantly by increased monopolistic corporate power, has allowed large corporations and the ultrarich who exercise control over them to use their vast resources to shape global rules in their favor, often at the expense of everyone else.
Only $800k net worth? Who the hell in middle class America has that? If they did, then homeownership would be less of an issue.
1% of 8 billion is only 80 million. I wouldn’t say most Americans are in the 1% when the 80 million is spread around the world.
I don’t know how this keeps getting trotted out and up voted. I swear it gets dunked on every time.
But what’s your point? Are people making $60k/year causing world hunger through artificial scarcity or is it the greed and mental illness of the capitalist class?
Most Americans won’t have that much wealth even in retirement.
Then tax the first world?
I don’t feel like an oligarch.
Yeah, where’s my yacht?
I’d say it’s also relative to an area’s COL. Not technically, but practically. Sure I’m living great compared to many. The kleptocrats are the ones killing us all, including the habitat they need to survive. But hey, as long as they live longest with the most money, it’s all cake.
Huh. I feel like I recall that “95” as a “70” in the disconcertingly recent past.
Wheeeeeee hypercapitalism 😑
‘Global Oligarchy’ Reigns as Top 1% Controls More Wealth Than Bottom 95% of Humanity
Excellent wording.
Your target is three rungs above you on the corporate ladder. If you have more than 3 rungs below you, there is a guillotine with your name on it.
Although more and more are cutting middle managers. All the more profit for them before they jump out with their golden parachute.
The swine have gorged their fill
Three thousand masters,
all demanding their till
They’ll call us savages
Cause we eat what we kill
Very nice. Is that a quote from something, or you come up with it yerself? (Yes I Googled it, but that doesn’t turn up shit these days.)
I mashed it together from some Fit For An Autopsy songs. Every lyric they write just slaps with the times.
Let’s invite them all to a wedding of a fake international pop star and start playing the rains of castemere.
I hear billionaire pot pie tastes great. The ketamine cooks right out.
