TV News LIES

Wednesday, Jul 30th

Last update08:27:43 AM GMT

You are here News Economy 85 richest now have as much money as poorest 3.5B

85 richest now have as much money as poorest 3.5B

E-mail Print PDF

Warren Buffet"There's been class warfare going on for the last 20 years, and my class has won."

Billionaire investor Warren Buffett made that remark more than three years ago and it still holds true today — only the gap between the richest and the poorest has gotten even wider.

Here's how bad it is: Oxfam now calculates that the 85 richest billionaires on the planet, including the likes of Carlos Slim, Bill Gates and Mark Zuckerberg, have as much money as the 3.5 billion poorest people.

And for all the talk about the urgent need to address income inequality, the mega-rich just keep on getting richer.

How much richer?  Oxfam estimates that between March 2013 and March 2014, those same 85 billionaires saw their wealth grow by $668 million every day.

More...


Most Recent Related Stories...


Trump’s tariffs to face major court test brought by US small business owners

Barcelona cargoDonald Trump’s strategy of imposing sweeping tariffs on America’s main trading partners will face a major...

Trump announces 30% tariffs on Mexico, European Union

Pres. of MexicoPresident Donald Trump will slap a 30% tariff on all imports from Mexico and the European...

Trump, EU’s von der Leyen strike trade deal for 15 percent tariffs

Ursrla Von Der LeyenPresident Trump and President of the European Commission Ursula von der Leyen announced a trade deal...

Trump hits Canada with 35 percent tariff

Canada hit with 35% teriffTrump posted a letter sent to Canadian Prime Minister Mark Carney in which he outlined the...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!