85 richest people as wealthy as poorest 3.5bn

[eynon81]

[Mr.Bill]

I think what's fascinating to me is the amount of apathy we have now concerning how big of a gap there is now between the top and bottom..

After the 2008 crash the banks were literally stealing people's homes..Forging paperwork by the thousands... No one cared.. 100 ago if that happened bankers would be hanging from lamp posts. Rich banks steal people's homes? So what.. Right? Instead of jail or hangings the bankers gave themselves nice big raises and bonuses.. Again, no one cared.

[eynon81]

[Archie Goodwin]

[Kane]

If Davos is any indication, we should see some movement on this issue in a couple of years. Bottom line is this impacts sales of consumer driven products. That impacts companies like:

Dell
Apple
Google
Ford
GM
Walmart
Safeway
COIT - the carpet cleaners
etc.

There SHOULD be a very large and very cohesive body of businesses concerned with people having less to spend on consumer goods due to the impact that'll have on their bottom line (Hey Apple, did you just miss revenue targets?). It'll be interesting to see where this all goes. I think the income gap broadened rapidly since 2008 due to the rather HUGE recovery we saw in that time period in the equity markets. Most american's don't have much in stocks anyways, outside of a 401K, so earnings from that should've been phenomenal for anybody that bought when they were extremely low (The crash) and sold...well, now.

I wouldn't be surprised to see different corporate groups moving against one another soon, some are obviously at greater risk than others. Depends on the industry, standing, and available capital to expend. Quite literally, it's in consumer sales corps interest to regulate the f**k out of the financial sector...outside of utilizing the access to credit to allow consumers to purchase goods and services.

[Medius]

[Medius]

[anarchy]

[Medius]

[gla22]