World's Richest Now Richer Than Before Great Recession

Discussion in 'Politics' started by georgephillip, Jun 26, 2011.

  1. georgephillip
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    georgephillip Gold Member Supporting Member

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    You mean we're not all in this together?

    Not if you're among the "high net worth individuals" (HNWIs) who've not only made back what they lost in the fall of '08, now they are richer than ever and there are more of them - nearly 11 more - than before the recession struck.

    "According to the annual world wealth report by Merrill Lynch and Capgemini, the wealth of HNWIs around the world reached $42.7tn (£26.5tn) in 2010, rising nearly 10% in a year and surpassing the peak of $40.7tn reached in 2007, even as austerity budgets were implemented by many governments in the developed world..."

    The rich get richer because the poor get austerity budgets.

    World's Wealthiest People Now Richer than Before the Credit Crunch | Common Dreams
     
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  2. Defiant1
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    Defiant1 Gold Member

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    This is great news. Turning the economy around starts at the top.
     
  3. RDD_1210
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    RDD_1210 Forms his own opinions

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    So you think things are headed in the right direction? Under Obama?


    This is where you get to look like a hypocrite...and Go!
     
  4. uscitizen
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    uscitizen Senior Member

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    So the Money Bush and Obma spent worked then?
     
  5. thereisnospoon
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    thereisnospoon Gold Member

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    Holy shit? Starting another class envy troll thread?
    Quite frankly, we're tired of this bullshit.
    The mods should close this idiotic thread.
     
  6. thereisnospoon
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    thereisnospoon Gold Member

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    If Obama had his druthers, he'd find a way to tax the shit out of every person he views as having "too much". Oh wait....He's already said he'd do that.... To everyone who makes over $125k per year....The rich...
     
  7. RDD_1210
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    RDD_1210 Forms his own opinions

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    Just more proof that in todays economy it is geared towards making the rich, richer while the middle class shrinks and struggle more and more every day. It's many of the people on this site that fall in to that last group but many of them have been convinced that by increasing the wealth of the wealthy will somehow help them too. It's an amazing thing to watch really. Theres a sucker born every minute is probably an understatement.
     
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  8. RDD_1210
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    RDD_1210 Forms his own opinions

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    LOL, now it's 125k a year? I love how the "facts" always seem to change. Care to back any of this up? Of course you won't. Because you just made that up. How Convenient.
     
  9. Defiant1
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    Defiant1 Gold Member

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    No. The rich are getting richer despite Zero. Why? Because they can. The rest of us just have to hang on until Jan. 2013.
     
  10. RDD_1210
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    RDD_1210 Forms his own opinions

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    LOL,"because they can". So Obama isn't holding the rich back then? And the economy is getting better, no? That is what you said.
     
    Last edited: Jun 26, 2011

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