Quantcast 40% Of World's Wealth Owned By 1% Of Population
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Canajun Finances

My personal views and rants on home finances with a Canadian Perspective

40% Of World's Wealth Owned By 1% Of Population

Posted on 12/06/2006 00:00 AM | Link | Post Comment
I love that kind of headline, it is from the cbc's web site, and the article associated with it is quite interesting to read.

In terms of Canadians, it is pointed out that:

It took more than $500,000 US to be among the richest one per cent of adults in the world, according to the report.
(...)
Canada's net worth per capita came in at $70,916 US, putting it just ahead of Denmark.

I can assure you I am not part of the top 1% and I am hard pressed to reach the Canadian average in real money too. What does this all mean? The difference between "Western" countries and developing nations is MASSIVE, I agree with that, whole-heartedly. There are people fighting to get clean water, and I complain about having to put snow tires on my car, however, what does this report say we should do about it? Nothing, it just reports the facts, and then allows politicians to bandy this information about? Maybe aid organizations could use it, but again, what is the information good for?

In this season of Christmas, remember to give to those who are needy (like the Hunger Site on this page, which is a free click guys). --C8j
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