Editorial: Our world needs to cap wealth
…Internationally the gap between the richest 10 per cent and the poorest has increased one percent every single year for the past 25 years.
The wealthiest one per cent own over 40 per cent of global assets. There are 48 nations which combined have fewer assets than the three richest people in the world combined.
And there are 85 people whose wealth combined is more than that of the bottom 3.5 billion human beings. Think about that.
Could we not significantly improve the human condition of these 3.5 billion people if we had a reasonable wealth cap, and closed the wealth gap greatly?
For complete editorial see the July 1/14 issue of the Tofield Mercury