Wednesday, January 20, 2016

Rich Get Richer

Here is a curious reality, but one which is also economically rational: The BUSH 43 Great Recession, which was a global event, opened the door to the rich getting extremely rich.

In America, the jump was the greatest and seems to have "taken" wealth away from Singapore and France to a greater degree than any other nation -- based on the common starting point for America, Singapore and France.
 But none of the American growth has filtered down to the average citizen.  Given that America represents 5% of the world population, it should be possible to accumulate vast wealth across the demographic spectrum and still maintain the emerging wealth concentration structure.  In fact, were that to be done, the wealthiest Americans should see their holdings grow experientially,
There is a curiosity: Where are the Oil nations of the Middle east.  We see Mauritius, a volcanic island nation in the Indian Ocean, is known for its beaches, lagoons and reefs, on the list -- ahead of Sweden and Denmark -- but no oil rich nations?
. Working for the Few - Oxfam report

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