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Tag: richest 1%
Richest One Per Cent Disappointed to Possess Only Half of World’s Wealth
Guest Post by Andy Borowitz
Credit Phototograph by George Rose/Getty
DAVOS (The Borowitz Report)—A new Oxfam report indicating that the wealthiest one per cent possesses about half of the world’s wealth has left the richest people in the world “reeling with disappointment,” a leading billionaire said on Tuesday.
Speaking to reporters in Davos, Switzerland, where he is attending the World Economic Forum, the hedge-find owner Harland Dorrinson said, “I think I speak for a lot of my fellow billionaires when I say I thought we were doing a good deal better than that.”
Calling the Oxfam findings “sobering,” he said that he hoped they would serve “as a wake-up call to billionaires everywhere that it’s time to up our game.”
“Quite frankly, a lot of us thought that by buying politicians, rewriting tax laws, and hiding money overseas, we were getting it done,” said Dorrinson, who owns the hedge fund Garrote Capital. “If, at the end of the day, all we control is a measly half of the world’s wealth, clearly we need to do more—much more.”
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