Rich-Poor Divide Widens in Developed World
By Mark Deen, from Bloomberg
The gap between rich and poor is widening across most developed economies as skilled workers reap more rewards and top executives and bankers benefit from a global job market, the Organization for Economic Cooperation and Development said.
The average income of the richest tenth of the population is now about nine times that of the poorest tenth, the Paris- based OECD said today in a report. The gap has increased about 10 percent since the mid 1980s.
Mexico, the U.S., Israel and the U.K. are among the countries with the biggest divide between rich and poor, while Denmark, Norway, Belgium and the Czech Republic are among those with the smallest gap. The earnings multiple is 14-to-1 in the U.S. and Israel, compared with about 10-to-1 in the U.K., Italy and Japan and 6-to-1 in Germany and Denmark.
“The social contract is starting to unravel in many countries,” OECD Secretary-General Angel Gurria said in a statement. “This study dispels the assumptions that the benefits of economic growth will automatically trickle down to the disadvantaged and that the greater inequality fosters greater social mobility.”
The OECD used a “Gini coefficient,” or standard measure of income inequality that ranges from zero to one. At zero an entire population would have identical incomes, while at one all income would go to one person. The coefficient stands at about 0.316 today, up 10 percent since the mid-1980s.
The coefficient rose in 17 out of 22 OECD countries for which long-term data are available. Only Turkey, Greece, France, Hungary and Belgium recorded no increase or small declines in their coefficients, the OECD said.
“There is nothing inevitable about high and growing inequalities,” Gurria said. “Up-skilling the workforce is by far the most powerful instrument to counter rising inequality. The investment in people must begin in early childhood and be followed through into formal education and work.”
Dr. Pinna says:
Inequality of Wealth is the disease of mankind.
It automatically leads to corruption!
Unless humans stop the spread of inequality, violence will result, people will die and dictators will arise to keep the rich wealthy.
We are seeing it in the most developed countries. The USA is becoming like a Latin American country where the masses are starving and the few in government, using their armies as shields, and live in arrogant luxury while the unemployed millions go begging for food.
The root cause is ignorance.
The average person in the USA cannot read or do simple arithmetic. The shyster hucksters lend them “Payday Loans” at exorbitant interest rates that keeps them in poverty.
The more educated are suckered into borrowing money by the use of Credit Cards, which they believe are harmless; whereas, in reality these cards steal almost one third of the value of all purchases.
The real crooks are the Banks which are fronts for the wealthy elitists who hold their stock.
Today banks are taking over society. They are sending out plastic cards with the sales pitch of: “Get Money back!” “Use this card for purchases and we will pay you One Percent of everything you buy!”
Remember, nothing can be free. Every event requires energy. No one gives away money.
What the banks do is require the merchant to pay them three percent for all purchases made by these plastic “Money Back” cards.
The merchant in turn raises his prices to cover the cost of the cards.
The consumer pays both the merchant and the bank.
These are a few of the reasons why inequality is rising in the developed world.
The elitists are simply too clever for the majority of the people. They also use intensive and constant propaganda and brain washing to keep the public ignorant.
Their advertising on television, the internet and the printed media are constant and intrusive. One cannot read an article without having a “pop-up” ad jump into his face.
The result is what was printed above: inequality of wealth which results in inequality of power.
All governments are tools of the wealthy.
Unless mankind goes to direct government through the use of direct voting by every citizen, and not by crooked representatives, the situation will only get worse.
If direct government does not arrive soon there will be violent eruptions like we are seeing in North Africa and the Middle East.
The so called “Occupy Movements” are an indication that observant citizens are aware of the growing disparity of wealth.
The use of Face Book” and “Twitter” and other social media outlets will pit the growing discontented public against the wealthy elitists and their governmental slaves.
As we see in many parts of Europe, the Middle East and now in the USA, violence is becoming the solution.
There is no other way.
The rich elitists will not give up their wealth. They believe that since they control the police and the armies they have control of the social situation.
But, in nature, NUMBERS RULE.
When tiny viruses or bacteria invade a body, they will kill that body, either quickly or slowly. As we see with the AIDS virus, even the immune system (read—police) can be destroyed.
The days of the Elitists are numbered.