Working Class Looking Forward To Owning 50% of the World’s Wealth When They Finally Make It


Wealth inequality will reach unprecedented levels as early as 2016, according to a new study released by the charity Oxfam. The study says the richest 1% are on track to own 50% of the world’s wealth. This is great news for Michael Dean, a 32-year-old mechanic from the Central Coast area.

“The key to becoming rich is lots of hard work,” Mr Dean explained “and when my hard work pays off in a couple of years, I’m looking at being oppressively wealthy.”

When asked if she was concerned about the growing rate of inequality, Michelle Huang, a bank teller for ANZ, explained: “Nothing’s stopping these people from pulling themselves up by their boot straps. There’s no limit on how many people can become the richest 1%.

“But I don’t know if it’s fair for me to comment as this trend favours me. I’m looking at having a hell of a lot of money when I finally strike it rich.”

While wages have been stagnating in Western countries, the report also indicates that over a billion people in the world are earning less than $1.25 a day. This is promising news for the working class as when they become the owners of factories, their profits will not be eaten into by their employees wages.

While people are using the reports to call for a renewed focus on wealth inequality, Michael Dean fears it will create a disincentive to work.

“Wealth distribution is an economic sin; I worked hard to earn my future millions. Why would I have put in the effort I have if I’m not going to be able to afford for future floating sky palace?”

Matthew Farthing is the Economic Reporter for The (un)Australian. His push for the return of the gold standard means that each Australian dollar is now backed by a copy of Spandau Ballet’s ‘Gold’. Follow him on Twitter.

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