Thursday, December 07, 2006

'Assets, debts may factor into poor vs. rich divide!'

Mack Johnson with a shocker.
... If only inequality could be more evenly shared, I have no idea what the New York Times, CNN, the formerly Big Three and the BBC would whine about then. I suppose that they’d still have global warming and the rights of terror suspects to worry about. Still, even with racism and sexism thrown in, I wonder how they would manage to fill their daily negative content needs.

One of this week’s obligate inequality nuggets was a report released by the UN detailing the fact that the world’s wealthiest own a lot of the world’s wealth. Well, in fairness, the report’s big claim to fame was that it made an earnest attempt to quantify exactly how unequal was the distribution of wealth in the world. Dutifully reported in morose terms were the facts that the wealthiest 2% of the world’s population own half the world’s wealth. By contrast, the poorest 50% of the world owns only 1% of the world’s wealth. ...
Read Mac.

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