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Wednesday, December 6, 2006

Money Money Money, Always Sunny, In A Rich Man's World

The socialists at the United Nations have released a study about how unfair it is for people to be wealthy. After all it's better to be equally poor. NOT!

Richest 2% Hold Half The World’s Assets

Personal wealth is distributed so unevenly across the world that the richest two per cent of adults own more than 50 per cent of the world’s assets while the poorest half hold only 1 per cent of wealth.

A survey released on Tuesday shows that middle-income countries with high growth rates still have a long way to go before they have a hope of catching up with the levels of prosperity of the richest.

Adults with more than $2,200 of assets were in the top half of the global wealth league table, while those with more than $61,000 were in the top 10 per cent, according to the data from the World Institute for Development Economics Research of the United Nations University (UNU-Wider).

[Caution! Socialist Propaganda ahead... ed.]

So much of the world’s wealth is concentrated in few hands that if all the world’s wealth was distributed evenly, each person would have $20,500 of assets to use.

Twenty-five hundred dollars in assets? That's poor. I don't want to be poor. I know which percentile I want to be in, how about you?

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