[By Caryn Carver on Sept. 11, 2015
A few years ago, cities across the world witnessed the manifestations of a movement driven by social and economic inequality. The ever-growing wealth gap between rich and poor became too difficult to ignore; it was roaring loudly in the faces of those most affected. Instead of running away, people everywhere came together to fight back. They rallied together in public spaces and shouted, “We are the 99 percent!”
The 99% who are left to share half of the world’s wealth, while the other 1% holds the rest.
Although The Occupy Movement has lost momentum, the issues that propelled the movement forward have hardly gone away. Global wealth is increasingly found in the hands of a small wealthy elite.
In 2014, 80% of people in the world owned only 5.5% of global wealth, while the top 1% owned almost half (48%). By 2016, the gap could become even more significant, with the proportion of wealth owned by the top 1% coming in somewhere around 52%. (…)] www.globalcitizen.org/
[By Christine Lagarde, Managing Director, IMF
National Press Club, Washington DC
January 15, 2014
Just to give one example: in the United States, 95 percent of income gains since 2009 went to the top 1 percent. This is not a recipe for stability and sustainability.] www.imf.org/