When you are dealing with statistics one expects a margin of error. You could be estimating a project and suggest +/- 10 percent. You could be waving your finger in the air and provide a rough order of magnitude “guesstimate” of +/- 200 percent.
So the thought of taking as little of 0.5% out of an equation should not be a problem, right?
But what happens if that 0.5% happen to control 38.5% of the world’s total wealth?
The Business Insider shares 13 Staggering Facts About the Global Super Rich – and it leads out with this image of the global wealth pyramid based on data from Credit Suisse’s Global Wealth Databook 2011.
Given these figures, there’s little surprise that civil protests like #OccupyWallStreet in New York are gaining momentum (including the local #occupysydney efforts). It makes for interesting times.