US Has Taken 70% Of World’s Wealth Gains Since 2012

 

US Has Taken 70% Of World’s Wealth Gains Since 2012

By Paul Buchheit

“Information Clearing House” – America’s super-rich are taking not only from their own nation, but also from the rest of the world. Data from the 2017 Global Wealth Databook (GWD: Table 2-4) and various war reports help to explain why we’re alienating people outside our borders.

From 2012 to 2017, global wealth increased by $37.7 trillion, and U.S. wealth increased by $26 trillion. Thus, largely because of a surging stock market, our nation took nearly 70 percent of the entire global wealth gain over the past five years. Based on their dominant share of U.S. wealth, America’s richest 10% — much less than 1% of the world’s adult population — took over HALF the world’s wealth gain in the past five years.

Wealth in the Volatile Middle East Has DECLINED at the Same Time

It’s not surprising that young men in the Middle East and Africa would harbor resentment against a country that takes the great majority of the wealth — especially considering that the most troubled areas of the world have collectively LOST WEALTH between 2012 and 2017. That’s both average wealth AND median wealth.

Although the GWD has limited data about individual nations in the Middle East and Africa, some is available. Median wealth has PLUMMETED in Syria and Iran and Yemen. It has gone down by almost half in all of Africa. Wealth levels are crashing in the areas of the world where we wage war.

We’re Bombing Nations That Aren’t Terrorist Threats

An explosion jolted Basim awake, and he could see the night sky through the massive hole in his bombed-out Iraqi house. “Mayada!” he screamed for his wife. No response from her, or from his daughter Tuqa….In the hospital days later, Basim lifted his phone and looked at the smiling images of a wife and daughter he would never see again. He began to sob uncontrollably.….More Here

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