Mudcat Café message #3042307 The Mudcat Café TM
Thread #133907   Message #3042307
Posted By: JohnInKansas
28-Nov-10 - 05:39 PM
Thread Name: BS: Who has all The Money?
Subject: RE: BS: Who has all The Money?
There are numerous sources who regularly publish reasonably accurate reports of who has all the money. One that I see fairly frequently quoted is Forbes Magazine. The New York Times syndicate also has frequent comments.

I can't find the original report in my files, but within the past year, one apparently reliable report was that 90% of all UK capital assets were held within one square mile in central London (presumably owned by persons who worked(?) there if the "context" of the report is considered).

Although Forbes is respected for its accuracy, a decade or two ago when they listed an acquaintance as the "ninth highest paid attorney in the US" his comment was "well, they found about a third of it." It may be assumed that those who have the most money also have the most undiscovered money, so estimates of the "percent of the money" in the hands of the very rich are inevitably on the low side (IMO).

John