|It's official - it is fully 50% as of this year.|
For the first time in history, the richest 1% of humanity owns 50% of the world's wealth. At the same time conditions for the other 99% seem to be getting bleaker all the time.
The inequality in my homeland, Canada, is also evident. The wealthiest 86 Canadians own as much wealth as the 11.4 million poorest.
Surely this is a sign of some sort of insidious mental illness, Wealth Hoarding Syndrome perhaps. One has to ask, "How much does one person really need?" and "What is the purpose of all that money?"
In the end, excessive amounts of money makes humans engage in counterproductive activities. Always wanting more borders on the pathological.
I wonder if the mental patients are holding a celebration to commemorate their raking in of 50% of the globe's goodies? But what I really wonder is:
"Are they satisfied now, or are they going to go for the full 100%?"
Buying as little as possible I am trying to avoid feeding the insanity. I watch who I am giving my money to, and try to keep my cash in the community. It is the healthy way to go.
The 1% do not need more of your hard earned money. They can keep their hands off my stash.