• The richest 85 people in the world owns the same as the bottom half of the world’s population.
•Almost half of the world’s wealth is now owned by just one precent of the population.
• The wealth of the one precent richest people in the world amounts to $110 trillion. That’s 65 times the total wealth of the bottom half of the world’s population.
•The richest one precent increased their share of income in 24 out of 26 countries for which we have data between 1980 and 2012. (Australia was 2nd on the list)
But its O.K because Hockey and the G20 are going to fix the problem by adopting a new higher growth target Trickle down will work - It just needs more head pressure - A bit more growth concentrated at the top and it will flow like a charm.