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THE RICH GET RICHER

There is an old song that states "The rich get rich and the poor get children", but it is not just a line in a comic song - it is true. "Here's another stat that the Occupy Wall Streeters can hoist on their placards: The world's millionaires and billionaires now control 38.5% of the world's wealth. According to the latest Global Wealth Report from Credit Suisse, the 29.7 million people in the world with household net worths of $1 million (representing less than 1% of the world's population) control about $89 trillion of the world's wealth. That's up from a share of 35.6% in 2010, and their wealth increased by about $20 trillion, according Credit Suisse." (Wall Street Journal, 19 October) Despite the claims of its supporters capitalism is not improving. The gap between the rich and poor keeps widening. RD

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