Rich, really rich, and ultra rich

RAEL’S COMMENT: 
Multi billionaire people should have their wealth, for example everything over 1 billion $ for example, or even 2 or 3 billions totally seized and redistributed to poor and homeless people. A maximum limit of wealth has to be fixed as it is becoming obscene to see peoples having cars, airplanes or yachts covered with diamonds or gold while so many people cannot have food.

The middle class is barely treading water since the recent Great Recession, but the rich are back in a big way. And it’s not just the 1%. It’s the ultra rich — the top 0.01% of earners — that are really clobbering everyone else.

In the mid-1980s the ultra rich — those with a net worth of over $100 million — owned just over 4% of the total wealth in the United States, according to a recent paper by University of California Berkeley economists Emmanuel Saez and Gabriel Zucman. By 2012, their share of the wealth nearly tripled, jumping to roughly 11%.

The really rich have done pretty well too. Those worth between $20 million and $100 million have seen their wealth share nearly double, while the merely rich — those with wealth between $4 million and $20 million — saw only a slight uptick.

Editors note: When this Facebook post was published on the “Rael comment” section of rael.org the RT article that Maitreya Rael commented on was no longer available. So I included an article on similar subject from the same year.

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