This 2016 video is called How 62 People Are Wealthier Than 3.6 Billion People.
By Felicity Collier in Britain:
Number of billionaires in Britain climbs to 134
Monday 8th May 2017
Strength of filthy-rich parasitic class continues to grow to all-time high
THE number of billionaires in Britain has a hit a record level, the annual Sunday Times Rich List revealed yesterday.
A total of 134 billionaires appear in this year’s list of the wealthiest people, an increase of 14 compared to last year.
Between them, the richest 1,000 individuals and families have amassed a total of £658 billion.
At the top of the filthy-rich hierarchy are investor brothers Sri and Gopi Hinduja with a £16.2bn fortune.
Ukrainian-born American businessman Len Blavatnik, who owns the Warner Music Group, is in second place with £15.9bn.
Other billionaires include the owner of the world’s largest steelmaker Lakshmi Mittal and Arsenal football club stakeholder Alisher Usmanov, who also holds shares in music streaming service Spotify and holiday home rental website Airbnb.
GMB union general secretary Tim Roache said: “Theresa May promised a government that works for everyone when she stood on the steps of Downing Street last year. Instead we are seeing a bonanza for the rich on her watch.
“Wealth is concentrating in fewer hands while many are struggling to make ends meet.
“Our economy is rigged in favour of the rich, and seven years of Tory government have piled injustice on injustice. It’s time working people got their fair share.”
Communist Party of Britain general secretary Rob Griffiths said the super-rich should be made to pay a wealth tax to fund public services and also called for the nationalisation of the City’s main banks and markets.
He added: “This latest list confirms London as the world’s strongest magnet for some of the planet’s biggest corporate spivs, money launderers and tax cheats, where they can double their money without breaking sweat.”
The 20 richest people on the list are worth a combined £191.7bn.
They have increased their cumulative wealth by £35.1bn over the last year. In 1997, it took a personal wealth of £15 million to make the Rich List, whereas now a colossal £110 million is required to earn that distinction.
A report by the charity Oxfam published earlier this year showed that eight men own the same wealth as the poorest half of the world.
Hunger affects an increasing number of children in Britain. Up to three million children in Britain are threatened with malnutrition outside term time, when they are not provided with school meals, according to new research: here.
A verdict of suicide was recently recorded at the inquest of a young worker, Jerome Rogers, who had been plagued by debt following two parking fines. At the inquest in south London, assistant coroner Jacqueline Devonish said, “It’s evident that he [Rogers] was stressed by being in debt”: here.
THE MASSIVE gap in wealth between workers and the bosses has once again been highlighted in a new report which shows that the chief executives of the top 100 companies in the country are paid on average 265 times what a worker on the minimum wage earns: here.
New research on the pay gap between the highest paid Financial Times Stock Exchange (FTSE) 100 bosses and average worker pay shows that the UK’s superrich continue to accumulate wealth: here.
US corporate profits up 13.9 percent on cost-cutting and low wages: here.