Simply sad and amazing. Below are some quick numbers from Steven’s post:
# The top 2% own 50% of global household wealth
# The bottom 50% own just 1% of global wealth
# Assets of $2,200 place one in the top half of global wealth owners
# The top 10% of the global wealthy own assets worth at least $61,000
# 25% of the top 10% ($61,000 – remember?) live in the USA. 20% of top 10% live in Japan. The rest of the top ten percent – 8% in Germany, 6% in the UK, and 4% each in Spain and France. That’s 67% of the top 10% living in 6 countries.
Wow. Did you get that? The richest 2% own 50% of the world’s wealth and the bottom 50% own just 1% of the world’s wealth. Puts some things in perspective… Does the gospel have anything to say about this situation? Or not? And what is the answer? Massive global redistribution of wealth can’t be the solution. I guess it depends on whether you’re a neo-communist or not.