Anti-Poverty charity Oxfam released a report the other day wherein their studies show that by 2016 the wealthiest 1% of the global population will own more than 50% of the wealth. By 2020, that percentage is due to rise to 54%. Whereas the elites have been getting wealthier, the poor of the world have seen a marked drop in the amount of wealth they posses: the same report explains that the bottom 50% has seen their wealth drop by $750 billion in the last four years. This bring us to some interesting observations… Read the rest of this entry »