0.001% hold 3x the wealth of poorest half of humanity. This is tech-feudalism on a burning planet

Just 0.001% hold three times the wealth of poorest half of humanity, report finds

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.

The share of global wealth held by the top 0.001% has grown from almost 4% in 1995 to more than 6%, the report said, while the wealth of multimillionaires had increased by about 8% annually since the 1990s – nearly twice the rate of the bottom 50%.

The authors, one of whom is the influential French economist Thomas Piketty, said that while inequality had “long been a defining feature of the global economy”, by 2025 it had “reached levels that demand urgent attention”.

These are the words of Steve Jobs…

“I didn’t invent the language or mathematics I used. I make little of my one food, none of my own clothes. Everything I do depends on other members of our species and the shoulders that we stand on.

…Billionaires stand upon the shoulders of a society and draw their wealth and power from that society with minimal obligations placed upon them. They have benefitted from an educated civil society but want to pay sweet fuck all for its upkeep!

Their technological risks aren’t completely ‘free’ to us, we have to agree to our meta data to be harvested in ways that can be invisible and contrary to our personal interests.

And 3, fuck billionaires.

if we want to build the social and physical infrastructure we need to radically adapt to the realities of catastrophic climate change, we need to tax the rich!

There are 14 billionaires in NZ + 3,118 ultra-high net worth individuals, let’s start with them, then move onto the Banks, then the Property Speculators, the Climate Change polluters and big industry.

You should be angry, NZ Capitalism is a rigged trick for the rich and powerful. The real demarcation line of power in a western democracy is the 1% + their 9% enablers vs the 90% rest of us!

Do not allow their smears of ‘Envy’ dilute the righteous rage you should all be feeling!

There’s no point making workers pay more to rebuild our resilience, tax the rich!

• Sugar Tax
• Inheritance Tax
• Wealth Tax
• Financial Transactions Tax
• New top tax rate on people earning over $300,000 per year.
• Capital Gains Tax
• Windfall profit taxes
• First $10,000 tax free

Lift the tax yoke from the workers and the people and place it on the mega wealthy and have them pay their fair share for once!

In 2010, the 388 richest individuals owned more wealth than half of the entire human population on Earth

The Big Tech Tzars have manipulated our collective fear, ego, anger and insecurities through social media in a way that has led to the largest psychological civil war ever launched against one another.

We are but meat bags secreting hormones addicted to dopamine rewards for fat, sugar, salt and sex in a cultural landscape of individualism uber alas where we sing sweet secret lies to ourselves to make sense of a world around us that is frightening and in constant entropy.

Meanwhile, the planet burns and every aspect of our existence is monetarised for big data to sell us more stuff we can’t afford. We are alienated and anaesthetised by a consumer culture that keeps us neurotic and disconnected. Our work, our existence, every move we make are all built to suck money to a minority class that sits above us while under neoliberalism, globalisation, financialisation, and automation, our existence as individuals has only become more disposable.

Comrades, your enemy isn’t some kid transitioning, it’s not a Māori woman in politics, Māori women in media, Māori women outside walking (we really do have a problem with giving our Māori women comrades crap)

Your enemy isn’t drag queen story time, it’s not environmentalists, it’s not beneficiaries, it’s not state tenants, it’s not renters, it’s not the Treaty.

Your enemy is who it’s always been, the banks, the billionaires, the corporations, the powerful who use social media hate algorithms to warp you into believing their interests are your interests when nothing can be further from the truth!

Merry Christmas everyone.

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