Yesterday we had the budget and the sanctimonious bleating from Osbourne that "the burden is fairly shared" and today the Bank of America / Merrill Lynch released the 2010 edition of their World Wealth Report. It highlightsthe world's High Net Worth Individuals(HNWIs), people with at least $1 million in liquid assets, excluding primary homes.Its conclusions:
-The world’s population of HNWIs grew 17.1% to 10.0 million in 2009.
- The rich got richer: The combined wealth of the world's rich rose 18.9% to $39.0 trillion in 2009.
-The 3.1 million rich in North America control $10.7 trillion in wealth; In Asia 3 million own $9.7 trillion; 3 million in Europe control $9.5 trillion; The HNWI population in Latin America is only 0.5 million and have $6.7 trillion to share amongst them.
SOYMB awaits the tears of the rich at the sacrifices they are to suffer.
I heard about this story on Londons LBC radio this morning, however, the presenter is a twat.
ReplyDeleteI didn't think the idea of having the topic on his show, was anything other than to have his "right wing" agenda aired.
Everyone who phones/texts/emails
the station, seems to be saying much the same thing ie, taking
the station presenters line?
I wonder whether infact they employ people,or make up texteders/emailers, or they always filter anything that doesn't fit thier "news"
agenda?