Top 1 Percent Will Soon Control Half The World's Wealth

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According to a new report by Oxfam America, the wealthiest one percent of the world’s population will control half of the world’s total wealth by 2016. The report included plenty of shocking statistics.
The numbers
The report indicates that the gap between the wealthiest one percent and the rest of the world has been growing since about 2010. Based on Oxfam projections, the lines on this chart representing the wealth shares of the wealthiest one percent and the other 99 percent of the world’s populations will cross in 2016.

The report highlights the massive amount of money spent every year by wealthy individuals and corporations in America on lobbying against issues such as the federal budget and the tax code, two areas of legislation that can be manipulated to benefit the super wealthy.

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