Miss Quinn

The wanderings and musings of a Geographer

The Richest 1% own 49% of the worlds wealth

January28

7018451

This is an insane article which explains that currently the wealthiest 1% of people in the world own 49%. 

That means 70 million own as much as the other 6.9 billion!!!  Is this fair?

What effect will that have on development levels for people who aren’t in that top 1%?  Will the countries they live in get much income from tax?  What will education levels, access to safe water and healthcare be like in these countries?   

http://www.bbc.co.uk/news/business-30875633

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