From: Dante-Gabryell Monson <dante.monson@gmail.com>
Date: Sat, Sep 10, 2011 at 7:06 AM
Subject: Davos WEF 2011: Wealth inequality is the "most serious challenge for the world"
To: econowmix@googlegroups.com
http://www.telegraph.co.uk/finance/financetopics/davos/8283310/Davos-WEF-2011-Wealth-inequality-is-the-most-serious-challenge-for-the-world.html
Davos WEF 2011: Wealth inequality is the "most serious challenge for the world"
Wealth inequality is the most serious challenge facing the world in the years ahead, senior business figures heard at the World Economic Forum in Davos today.
///
In the United States at the end of 2001,
10% of the population owned 71% of the wealth
and the top 1% owned 38%.
The bottom 40% owned less than 1% of the nation's wealth.
Various sociological statistics suggest the severity of wealth inequality
"with the top 10% possessing 80% of all financial assets
[and] the bottom 90% holding only 20% of all financial wealth."
are you aware that:THE RICHEST 1 (ONE) PERCENT OF AMERICANS possess more wealth thanTHE COMBINED WEALTH OF THE BOTTOM 90 (NINETY) PERCENT.//THE NEXT RICHEST 9 (NINE) PERCENT also possess more wealth than THE COMBINED WEALTH OF THE BOTTOM 90 (NINETY) PERCENT