T Nation

1% Own 90%?

Can someone please tell me where this figure came from? Honestly, I’ve been seeing it EVERYWHERE lately, unreferenced, and I really like to know how it came into being.

“The Dirty Liberals made it up,” doesn’t count as an answer.

-Gendou

[quote]gendou57 wrote:
Can someone please tell me where this figure came from? Honestly, I’ve been seeing it EVERYWHERE lately, unreferenced, and I really like to know how it came into being.

“The Dirty Liberals made it up,” doesn’t count as an answer.

-Gendou[/quote]

Well, it all depends on what you’re talking about. Real estate, cash or stock.

As far as I know, the top 1% in the world controls about half the wealth. It’s a bit less for the US, but, the bottom 40% control 1%. There are heaps of data out there but they’re all a bit dated and a lot has happened recently that made the filthy rich even filthier, err…richer. Anyway, I think the latest and most comprehensive study was from the UN. Look it up. I think the branch is called the “World Institute for Development Economics Research of the United Nations.”

Now, if you go into the top 5% for example, I’m certain it’ll be a lot more than 90%.

For my part, I find the 1%

[quote]lixy wrote:
Now, if you go into the top 5% for example, I’m certain it’ll be a lot more than 90%.

For my part, I find the 1%[/quote]

Did you hit the wrong button and detonate mid-sentence?

[quote]pookie wrote:
lixy wrote:
Now, if you go into the top 5% for example, I’m certain it’ll be a lot more than 90%.

For my part, I find the 1%

Did you hit the wrong button and detonate mid-sentence?
[/quote]

I’m afraid so.

Look at the post’s timestamp? 3:31 AM

[quote]lixy wrote:
Look at the post’s timestamp? 3:31 AM [/quote]

Time stamps are localized. I see 9:31pm for your post.

[quote]lixy wrote:
pookie wrote:
lixy wrote:
Now, if you go into the top 5% for example, I’m certain it’ll be a lot more than 90%.

For my part, I find the 1%

Did you hit the wrong button and detonate mid-sentence?

I’m afraid so.

Look at the post’s timestamp? 3:31 AM [/quote]

Get some sleep.