Wait, what? I thought our Messiah was supposed to fix this kind of thing:
We are not all in this together. The UK economy is flat, the US
is weak and the Greek debt crisis, according to some commentators, is
threatening another Lehman Brothers-style meltdown. But a new report
shows the world’s wealthiest people are getting more prosperous – and
more numerous – by the day.
The globe’s richest have now recouped the losses they suffered after the
2008 banking crisis. They are richer than ever, and there are more of
them – nearly 11 million – than before the recession struck.
What happened to Hope and ChangeTM? How about equality? Deliverance from the clutches of evil bankers and merchants? Spreading the wealth around? This is truly horrifying:
Global HNWI (high net worth individuals) population and wealth growth reached more stable levels in
2010, with the population of HNWIs increasing 8.3% to 10.9 million and
HNWI financial wealth growing 9.7% to reach US$42.7 trillion. The global
population of Ultra-HNWIs grew by 10.2% in 2010 and its wealth by
… The U.S. is still home to the single largest HNWI segment in the world,
with its 3.1 million HNWIs accounting for 28.6% of the global HNWI
population. Asia-Pacific posted the strongest regional rate of HNWI
population growth in 2010 and has now surpassed Europe in terms of HNWI
population, expanding 9.7% to 3.3 million, while Europe grew 6.3% to 3.1
Again, what? The richest Americans actually got a lot richer during the deep recession of 2009 – 2010, with compassionate, justice-loving Democrats like Harry Reid, Nancy Pelosi, and Barack Obama in charge? How?
I’m confused. I need to go somewhere and figure this thing out.
(h/t Financial Times)