FORTRESS OF SOLITUDE

Wednesday

Wealth envy is alive and well

This blog is going to be short, because the article in question does not deserve more than a few sentences of commentary from me. The writer is a socialist moron, the study is flawed, and his article is geared toward the sole purpose of exacerbating wealth envy.

Chris Giles, the Economics Editor for the Financial Times has written an article titled, “Richest 2% hold half the world’s assets.” The title alone is bait for wealth envy. And, it is wrong. Mind you, Chris’s study never, ever, takes into account the assets that world Governments seize and control. These assets are completely ignored in the research parameters. So, the study is flawed.

But the first sentence in the article sums it all up:

“Personal wealth is distributed so unevenly across the world that the richest two per cent of adults own more than 50 per cent of the world’s assets while the poorest half hold only 1 per cent of wealth.”


Do you see that? Chris tells us in the first four words of the article that “Personal wealth is distributed.”

Uh…excuse me? I guess Chris wasn’t counting the United States in his “research,” because, here, personal wealth is not distributed. It is earned.

Within the first four words of his article, Chris has shown his true socialist colors, and lost all credibility.

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