Science, Religion, Politics and in the pursuit of truth – HappyPsychotic

Originally written January 9, 2007.

Most of us have heard the saying that 10% of the population own 90% of the wealth, well, for the first time, we actually have some numbers to see if it’s true.

According to the World Institute for Development Economics Research of the UN University, the richest 10% of the world actually own 85% of the world’s wealth. But I was shocked when I discovered that the the poorer half of the population (50%) own only 1% of the world’s wealth. I made a pretty pie graph to demonstrate.

Also, the news reported recently that the average of the top 100 CEO’s in Canada make an average of $9 million. Compare that with the average salary in Canada of $38 thousand. They threw in some interesting stats like the fact that the average CEO makes $38 thousand by 9:46 am on January 2nd – or the average CEO makes 238 times the salary of the average Canadian. The highest paid CEO at $72 million makes 1969 times more than the average. OK, I’ll give that most CEO’s are smart people, but 1969 times smarter than average – yeah, and monkeys might fly out of my butt.

Anyways, check this out.

So why do I mention this stuff? If you ever meet a CEO, are you in awe of him? I’m not, I’m sickened. But you can’t blame it all on him, I mean, I’ll take the money if you offer it to me, it’s the idiots on the board of directors and whoever else decides these salaries – not very bright people.