{"id":245597,"date":"2023-08-01T12:42:36","date_gmt":"2023-08-01T11:42:36","guid":{"rendered":"https:\/\/www.worldsocialism.org\/spgb\/?post_type=snippet&p=245597"},"modified":"2023-09-02T11:28:50","modified_gmt":"2023-09-02T10:28:50","slug":"do-the-rich-earn-their-wealth","status":"publish","type":"snippet","link":"https:\/\/www.worldsocialism.org\/spgb\/snippet\/do-the-rich-earn-their-wealth\/","title":{"rendered":"Do the rich earn their wealth?"},"content":{"rendered":"

The 8 richest people on the planet<\/a> own as much as the poorest 4 billion. The idea that they worked harder to earn it is patently ridiculous. Can 8 humans do more work than 4 billion? Even if this handful of uber-rich lost 99% of their swag, they’d still own more wealth than 99% of the human race (Oxfam<\/a>).<\/p>\n

Meanwhile each member of the Bloomberg Billionaires Index<\/a> made around $14 million a day in the last 6 months.<\/p>\n

The average annual UK salary in 2023 is \u00a333,402, which represents around 3 \u00bd minutes’ income for those top billionaires, and according to the BBC<\/a> isn’t enough to qualify for affordable rent schemes in London.<\/p>\n

Still think the rich work hard for their money?<\/p>\n","protected":false},"template":"","class_list":["post-245597","snippet","type-snippet","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.worldsocialism.org\/spgb\/wp-json\/wp\/v2\/snippet\/245597","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.worldsocialism.org\/spgb\/wp-json\/wp\/v2\/snippet"}],"about":[{"href":"https:\/\/www.worldsocialism.org\/spgb\/wp-json\/wp\/v2\/types\/snippet"}],"wp:attachment":[{"href":"https:\/\/www.worldsocialism.org\/spgb\/wp-json\/wp\/v2\/media?parent=245597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}