India's richest 1% holds over 40% of national wealth

[tamu]

A recent report on Monday showed that India's richest 1 per cent of the population hold 42.5 per cent of national wealth while the bottom 50 per cent, the majority of the population, owns a mere 2.8 per cent.

According to an Oxfam report, India's top 10 per cent of the population holds 74.3 per cent of the total national wealth while the bottom 90 percent holds 25.7 percent of national wealth.

[Beardman]

The funny thing is middle / poor people still believe in

"Its due to karma from past life rich people born"

[Idassamed]

Just now, Beardman said:

The funny thing is middle / poor people still believe in

"Its due to karma from past life rich people born"

Yup bro. Astrology is the real science

[Joker_007]

ippudu aa 1% ni kotti manam panchukundam antunna Jaffa's and Pulka's ...

[NenuEvaru]

Its same case with most of the countries, including United States.

[Gowtham7777]

That 40% has job bcos of that 1% 

[tamu]

According to the report, it would take a female domestic worker 22,277 years to earn what a top CEO of a technology company makes in one year. With earnings pegged at Rs 106 per second, a tech CEO would make more in 10 minutes than what an average domestic worker would make in one year.

[Naaperushiva]

https://markets.businessinsider.com/news/stocks/2153-billionaires-richer-than-4-6-billion-people-combined-oxfam-2020-1-1028829249

 

world mottham itlaane edchindhi

[Beardman]

I suggest every poor/ middle class to join in god’s path and fight against illusion called money and economy.

 

[Idassamed]

Just now, Beardman said:

I suggest every poor/ middle class to join in god’s path and fight against illusion called money and economy.

 

Lend me some money bro then  I will do my own research to find out whether it is an illusion or otherwise

[Beardman]

14 minutes ago, Idassamed said:

Lend me some money bro then  I will do my own research to find out whether it is an illusion or otherwise

I dont have money to give. I have only god with me.

[Peddayana]

wealth gap is insane anywhere in the world , and you have the people at the top telling people to work hard , work smart etc , lol , they will make whatever we make in a few minutes

sooner or later , this is bound to cause problems 

crap part is that , people could not afford food or medical bills while some one spends millions for some stupid art 

[Peddayana]

5 hours ago, Gowtham7777 said:

That 40% has job bcos of that 1% 

the 1% owns media and they own whatever you see , listen etc , so its no uncommon for you to think that you are at their mercy , this is actually the sad part

[Gowtham7777]

7 minutes ago, Peddayana said:

the 1% owns media and they own whatever you see , listen etc , so its no uncommon for you to think that you are at their mercy , this is actually the sad part

Go to communist countries and have fun 

[DummyVariable]

Not very different form the USA. It is more than 35% here.