Talk about the pot calling the kettle black, Cherryl can hardly wait for that one person in the world that owns everything and everything in the world will be set right and Cherryl can worship him as a GOD and the trickle down will make the world into heaven. Well contrary to wacko philosophy here is the reality.
This week, the world’s wealthy and powerful meet in Davos, Switzerland, for their annual talk fest and exchange of business cards. This year several panels have been organized around the theme of widening inequality – which has grown even more extreme since the Great Recession, both in the U.S. and around the world. As you probably know, the 400 richest Americans have more wealth than the bottom half of the American population combined – and since the “recovery” began in 2009, the wealthiest 1 percent have got 95 percent of the economic gains while the bottom 90 percent has become poorer. But the U.S. isn’t the only place where inequality is surging. A new report from Oxfam shows that the world’s richest 85 people now have the same amount of wealth ($1.7 trillion) as the bottom half the world's population combined (that’s 3.5 billion people). The world’s wealthiest 1 percent have $110 trillion, 65 times the total wealth of the bottom half of the world.
The right in the U.S. (and Cherryl of course) considers any mention of this sort of thing “class warfare,” motivated by envy. In reality, it's a growing threat to global capitalism. But what are the chances that the wealthy and powerful, meeting in Davos, will be motivated to do anything about it?
In my humble opinion not much as there are to many like Cherryl who worship this corrupt inequitable, unsustainable economic system that is totally controlled by money and those that have to much of it.
