this post was submitted on 10 Dec 2025
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Just 0.001% hold three times the wealth of poorest half of humanity, report finds (www.theguardian.com)
submitted 1 week ago* (last edited 1 week ago) by HellsBelle@sh.itjust.works to c/world@lemmy.world
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Fewer than 60,000 people – 0.001% of the world’s population – control three times as much wealth as the entire bottom half of humanity, according to a report that argues global inequality has reached such extremes that urgent action has become essential.

The authoritative World Inequality Report 2026, based on data compiled by 200 researchers, also found that the top 10% of income-earners earn more than the other 90% combined, while the poorest half captures less than 10% of total global earnings.

Wealth – the value of people’s assets – was even more concentrated than income, or earnings from work and investments, the report found, with the richest 10% of the world’s population owning 75% of wealth and the bottom half just 2%.

In almost every region, the top 1% was wealthier than the bottom 90% combined, the report found, with wealth inequality increasing rapidly around the world.

“The result is a world in which a tiny minority commands unprecedented financial power, while billions remain excluded from even basic economic stability,” the authors, led by Ricardo Gómez-Carrera of the Paris School of Economics, wrote.

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[–] phoenixz@lemmy.ca 1 points 6 days ago (2 children)

according to a report that argues global inequality has reached such extremes that ugrgent action ha.cms become essential.

I guarantee you that that 0.001% agrees, there are too many of them, that should be 0.00001% instead

Fuck the rich!

I call for hard limits on personal networth and the worth of companies

No single person should be able to control more than 10M, companies shouldn't be worth over 1 billion

Anything over that, goes to taxes.

It's a single basic rule that requires more rules below for sure to ensure it works well, but this should be codified in a world wide constitution.

This way, nobody gets crazy amounts of money, nobody will have to be poor because the government will have a huge income that it can use for universal healthcare, education, universal basic income, etc...

Crime would go down the drain because nobody NEEDS to be a criminal anymore. There will still be a few anti social elements but good luck finding people wanting that life if they can just have a good, safe, and happy life.

Bribery and corruption? How even, and why take the risk?

There is no logical reason why anyone should have to be allowed to control this much wealth.

Investment companies must all be dismantled and all their funds transferred to independent non profit organisations that, again, won't be able to control more than over a billion. Government can transfer money to these foundations so that loads of people can have investments for startups or whatnot

We'd need similar simple rules for governments too. All governments must be democracies, and all should follow a world constitution where we have a few basic rules that make sure nobody will ever get too much power.

It doesn't require a lot of changes at the top. Basically these three rules, all the rest flows out of those rules. We can keep capitalism and use it's raw power to generate resources for everyone.

What this needs is political will, this needs people to want this, need this.

[–] KaChilde@sh.itjust.works 4 points 6 days ago

It doesn't require a lot of changes

All governments must be democracies

I didn’t know World War Three was the simplest way to world peace

[–] Corkyskog@sh.itjust.works 1 points 5 days ago* (last edited 5 days ago)

No single person should be able to control more than 10M

A small family farm earning less than 350k a year could easily need that in land, capital, etc. just to operate.

But I hear you, somewhere between 10 and 50M would be ideal.