Oxfam has just came out with a report which reveals that 82 percent of wealth generated last year went to the richest 1 percent and I have to say I’m not entirely surprised.
It seems that billionaires fortunes grew by £585 billion and whilst I couldn’t have come up with an exact figure I would have hazarded a guess that they had acquired more wealth. I am basing my guess on the fact that although I am not exactly on my uppers at the moment, my wealth has not greatly increased, the poor never have any money and so by a process of elimination, somebody must have got their hands on more.
Rather surprisingly it seems that 42 people now have the same wealth as the poorest 50 percent. 61 people, literally have the same as half of the worlds population. The three richest people in America have the same wealth as the bottom half of the country, some 160 million people, which you have to admit is quite an incredible set of figures.
A third of billionaire wealth is inherited and it is estimated that over the next twenty years, five hundred of the wealthiest people will pass over £1.73 trillion to their heirs, I’m sure I must be related to one of them.
Oxfam has said that it is unacceptable for our economies to continue to enable a tiny percentage of the super rich to accumulate enormous wealth when hundreds of millions of people are struggling to survive at all.
There are of course many rich people who in a spirit of philanthropy give away millions which at first glance seems very generous but when you work it out is no more generous as a percentage of their wealth, than us putting a couple of pounds in a charity tin.
Should this carry on there will surely be a revolution, the inequality is too great to justify and I’m tempted to join in when it starts as I’m not averse to redressing the balance and grabbing a few pound for myself.
Unfortunately I’m rather afraid that when the revolution starts, rather than grabbing something for myself it will be me and other people like me who will be at the gates of our property fighting off the hoards. The simple reason for this will be the fact that no-one will be able to get at the super rich as they will be aboard their luxury yachts in the middle of the ocean.
I don’t want to appear greedy but I do wish to hang on to what little I do have so I would like to encourage the worlds politicians to endeavour to adjust the tax system a little in favour of not only those at the very bottom, but those struggling in the middle too.
I have mentioned before that I wouldn’t be averse to going back and getting some acting work, I do however, should there be a revolution, draw the line at building a barricade at my gates and re-enacting scenes from Les Miserables, if at all possible.