Richest 1% own 50 percent of world wealth- Credit Suisse report

darkbeaver

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That 1% creates a lot of jobs and pays a lot of taxes for the bottom feeders to live well with minimum contribution.

The 1 percenters pay no tax whatever, they create nothing but chaos and they should be controlled, forever. You keep kissing them, sooner or later they will tire of your ardor and discard you, like a bread bag.
 

Ludlow

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Richest 1% own 50 percent of world wealth- Credit Suisse report



World wealth has reached a record $263 trillion but is concentrated in fewer hands. The richest 1 percent have accumulated more wealth, and own almost 50 percent of it, which could trigger recession, according to a new report by Credit Suisse.

The Credit Suisse Global Wealth Report, released Tuesday warns that the “abnormally high wealth income ratios” may spark a recession, as high disparity leads to economic friction.

Global wealth has grown to a record $263 trillion in mid-2014, $20.1 trillion more, and an 8.3 percent increase, over mid-2013. Household wealth has more than doubled since 2000, when the same report calculated it at $117 trillion.

Leading the money trail is the United States, dubbed 'Land of Fortunes' by the report, which again boasts the highest average wealth. It is home to 34.7 percent ($91 trillion) of global wealth. Europe’s portion comes in a close second with 32.4 percent, followed by India and China’s 23.7 percent share, and then the 18.9 percent concentrated in the Asia-Pacific region.

North America has the highest average wealth and is also the world’s leader in GDP, which the report estimates grew by $12.9 billion in 2013.

Wealth in the US and Europe was driven by a rather spectacular year on the stock exchanges. Since the financial crisis of 2008, the US has added $31.5 trillion in household wealth. In the last year alone the stock market increased in value by 22.6 percent.



Germany, Canada, and France all experienced huge spurts in capital markets, gaining more than 30 percent.
Much of the world’s “new money” is coming from China and developing nations. Between 2000 and 2014, emerging markets accounted for 11.4 percent of wealth.

“As we noted last year, Asia and particularly China will account for the largest portion of newly created wealth among the emerging markets,” the report says.

Other emerging players on the international scene, according to Credit Suisse, are Russia, Brazil, India, Indonesia, South Africa, and Turkey.

The conclusion of the report offers predictions for 2019, where the authors suggest global wealth will grow by 40 percent and reach $369 trillion, but emerging markets will account for 26 percent, more than double what they do now.

The number of millionaires worldwide is projected to blossom from 35 million today to 53 million in 2019.

source: Richest 1% own 50 percent of world wealth- Credit Suisse report ? RT Business

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SPREAD THE WEALTH!!!
We need rich folks so us trash can make a livin. Iffen they weren't no aristocrats, how would us lowlifes be able to afford sumphin to ett.
 

B00Mer

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JLM

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Richest 1% own 50 percent of world wealth- Credit Suisse report



World wealth has reached a record $263 trillion but is concentrated in fewer hands. The richest 1 percent have accumulated more wealth, and own almost 50 percent of it, which could trigger recession, according to a new report by Credit Suisse.


source: Richest 1% own 50 percent of world wealth- Credit Suisse report ? RT Business

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SPREAD THE WEALTH!!!


Who is the fat head who gave you the "red"? Never mind I probably know! -:) Many years ago I heard a wise man say if all the money in the world was distributed evenly among the populace, within two years the people who have it now would have it all back!
 

captain morgan

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No... tax loopholes.. they pay their accounting firms well.. ;)

Progressive tax rates way offset that, besides, half the US pop don't have accountants and don't pay Fed taxes

We need a flat tax.

And the same lobbies that are moaning today will thump their chests that a flat tax is unfair to those that aren't 1%ers


Death taxes are the gvt's last dig at cleaning someone's clock.

The popular solution is to place assets into a Trust (read: corporation) that lives on in perpetuity... And forever pays taxes on any gains

The 1 percenters pay no tax whatever, they create nothing but chaos and they should be controlled, forever. You keep kissing them, sooner or later they will tire of your ardor and discard you, like a bread bag.

You might want to rethink the accuracy of your statement

Bill Gates ‘glad’ to pay taxes | The Daily Caller

$6 Billion

Flight of The Millionaires: Reasons to Give Thanks For The One Percent - Forbes

According to the report, those in the top one percent had an average pre-tax income of $1,219,700 in 2009. Of this, they paid $353,000 federal taxes. Despite having earned 13.4 percent of the nation’s income, these individuals paid 38.7 percent of federal income taxes that year.
 

B00Mer

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Progressive tax rates way offset that, besides, half the US pop don't have accountants and don't pay Fed taxes

Clearly half the population is not the 1% ers'

And the same lobbies that are moaning today will thump their chests that a flat tax is unfair to those that aren't 1%ers

A flat tax has everyone pay the same percentage based on your income.. if a fair tax..

I get a kick out of people who are poor that defend the 1% ers' - like they hope to win the lotto in the future.

The Red Neck retirement plan.. The Lotto.

Mind the gap: UK the only G7 state to see a rise in wealth inequality – report
 

taxslave

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The 1 percenters pay no tax whatever, they create nothing but chaos and they should be controlled, forever. You keep kissing them, sooner or later they will tire of your ardor and discard you, like a bread bag.

BULL. Every time they buy something they pay tax. Every time they fly somewhere they pay tax. Every job they create pays income tax.
 

JLM

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The 1 percenters pay no tax whatever, they create nothing but chaos and they should be controlled, forever. You keep kissing them, sooner or later they will tire of your ardor and discard you, like a bread bag.


Exactly how did you arrive at that conclusion?
 

taxslave

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Clearly half the population is not the 1% ers'



A flat tax has everyone pay the same percentage based on your income.. if a fair tax..

I get a kick out of people who are poor that defend the 1% ers' - like they hope to win the lotto in the future.

The Red Neck retirement plan.. The Lotto.

Mind the gap: UK the only G7 state to see a rise in wealth inequality – report

Still ends up the same. The ones on welfare pay no tax and the rich carry the load. ANd I suspect the muddle class would still cary the load.
 

captain morgan

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Clearly half the population is not the 1% ers'

.. Ironic, isn't it?.... 1% pays the bulk of the taxes and the +50% live off of that contribution feel that they are owed more.

Make sense to you?

A flat tax has everyone pay the same percentage based on your income.. if a fair tax..

You're preaching to the choir here... But the fact remains that the those in the lowest income bracket will be harder hit than those at the top... Of course, the Occupy puppets will rail at the inequity of the system

I get a kick out of people who are poor that defend the 1% ers' - like they hope to win the lotto in the future.

The only lotto that anyone can expect to win is the one that you make for yourself... That's exactly how the 1%ers got what they have

That would be a tiered tax if based on income.


Nice catch.
 

lone wolf

Grossly Underrated
Nov 25, 2006
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Look ya stalker.. I know you don't like me.. really I don't care.. who are you?? A nobody to me..

You don't pay my rent, sign my paychecks or are anything significant.. you're a fat zero to me.

So fukk off A$$HOLE with your crappy troll attempts.
Naw ... It's just near impossible to find a thread you haven't pooped in. I'm just wondering why you're not making a fortune in the fertilizer industry, Tuffykins.

Don't like to be yanked back to Earth? Try reality....

BTW: If you think you're being stalked REPORT IT
If you think I'm trolling REPORT IT

Freakin' drama queen
 
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