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.

  • Devolution@lemmy.world
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    2 days ago

    Rich people will give their money to enrich themselves or to fuck someone over. But giving their money freely to help humanity? Or accept being taxed? They are seriously homicidally resistant to that.

    Off topic, I think billionaires should be required to do the lowest position in their organizations for a month once a year with their net worth assets frozen, their communication with any yes man or enabler being severed for that month, and be forced to live off of that monthly stipend for 1 month and if they get “fired” they cannot retaliate if the firing was in good faith and they lose 65-70% of their stock options for failing to do bare minimum competence.

    • Maggoty@lemmy.world
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      2 days ago

      We’ve seen them voluntarily do homeless stints. It’s just not the same thing when you know you’re going back to your mansion in a few weeks. Just fucking tax their wealth bracket out of existence.

      • Devolution@lemmy.world
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        2 days ago

        Oh I want them taxed, but like I said, they’d rather watch the world burn than be forced to give a dollar.

        • Fluke@feddit.uk
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          2 days ago

          Then don’t take the dollar, take the fucking hand.

          Odds are when asked for the second dollar, it will be a lot more forthcoming.

    • MBech@feddit.dk
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      2 days ago

      Then they get imprisoned for taxfraud, and have their wealth confiscated. I no longer give half a shit about those parasites.