Tag: one percent

The top 1%

Saw some headlines this morning from Oxfam about wealth distribution. The glaring headline was that the top 1% of the world ‘own’ the rest of it.

Deeper analysis though exposed the headline grabbing number as a bit of a ‘back of a fag packet’ calculation. Exposed by the fact that ‘It takes cash and assets worth $68,800 (£48,300) to get into the top 10%, and $760,000 (£533,000) to be in the 1%. That means that if you own an average …