Thanks To Low Taxes On Investments, Top 1 Percent Now Control 39 Percent Of World’s Wealth (Demo)

On May 31, 2013, Omar Rivero writes on OccupyDemocrats.com:

According to the new Global Wealth Report by the influential Boston Consulting Group, the wealthiest 1 percent now control 39 percent of the world wealth, a number that is likely to increase rapidly in the coming years.

The report found that the top 1 percent now control $52.8 trillion, while the number of those worth $5 million or more now control nearly 25 percent of the world’s combined wealth.

Unfortunately for the rest of us, this concentration of wealth is expected to increase significantly in the coming years, as the fortunes of the very wealthy are growing much faster than overall global wealth.

Incredibly, the firm found that the number of millionaires in the world surged by a staggering 10 percent in this year alone, bringing the number 213.8 million, while private financial wealth grew at the impressive clip of 7.8% in 2012, besting the 7.3 percent and 3.6 percent expansion logged in 2010 and 2011, respectively.

While the study also predicts that global world will grow at a healthy 4.8 percent a year over the next five years, the rate of growth will be nearly double that for the world’s millionaires.

One thing is clear: the richer you are, the faster your wealth is growing. Those with a combined wealth of $5 million or more will see their wealth through 8 percent, while those worth more than $100 million will see their wealth grow by 9.2 percent. Those worth more than $100 million will see their share of total mobile well grow from 5.5 percent to 6.8 percent by 2017.

Of course, you won’t hear the mainstream media complaining about the fact that the methods used by the very wealthiest to amass their fortunes are those which are being taxed at the lowest rates?