georgephillip
Diamond Member
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
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