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Originally Posted by classicman
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As somewhat of a side note, the creation of private sector jobs appears to be dismal....
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And you have to question why.
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The rich are getting richer. As the world recovers from the global economic crisis, the global wealth staged a remarkable comeback in 2009, increasing by 11.5 per cent to $111.5 trillion, just short of the year-end peak set in 2007.
Less than 1 per cent of all households were millionaires, but they owned about 38 per cent of the world's wealth, up from about 36 per cent in 2008, according to a new study by The Boston Consulting Group (BCG).
Households with more than $5 million in wealth represented 0.1 per cent of households but owned about 21 percent, or $23 trillion, of the world's wealth, up from 19 percent in 2008.
The number of millionaire households rose by about 14 percent in 2009, to 11.2 million -about where it stood at the end of 2007
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from
here
It seems that, in general, the people who have the ability to create jobs are not creating jobs.