Thursday, June 09, 2005

Some coool facts


1) The personal assets of Bill Gates, Paul Allen and Warren Buffet exceed the combined GDP of world’s 41 poorest nations.

2) Each of the 400 richest Americans saw their wealth increase by an average of $940 millions each year over the period of 1998-99, while the net wealth of the bottom 40% diminished by 80 percent between 1983 to 95.

3) Off the US’s total assets, 1% of Americans own 95% and 80% of the households take home a proportionately smaller amount of the national wealth than they did 20 years ago.

4) “Between” 1960 to 1993 the gap in per capita income between the developing and developed world tripled, from $5,700 to $15,400.

5) In 1900 the per capita income of America was nine times more than Ethiopia, today it is 45 times.

6) In 1960 the income gap between the top 20% of the people living in the richest countries and the bottom 20% of the poor worldwide was 30-1, in 1990 it was 60-1 and in 1995 it was 75-1

7) In 1993 the poorest 10% of the world’s people had only 1.6% of the wealth of the richest 10 % of the people, the poorest 57% of the worlds’ people had about the same income as the richest 1% and richest 10% of the US population, which is 25 million people had combined income than poorest 43% of the world’s people or about 2 billion people

1 comment:

Anonymous said...

A Marxist explanation why many people in developing countries are poor -- very recommendable!