Magazine of Socialist Action in Australia

Take the wealth off the 1%!

Reading Time: < 1 minutes

While ordinary people struggle to make ends meet, the wealthy continue to get increasingly rich. The recently published Forbes Rich List showed that the combined wealth of the world’s 1,826 billionaires has reached $7.05 trillion! That’s up from $6.4 trillion the previous year.

By Socialist Party reporters

At the same time poor and working class people have had to suffer – job losses, reduced services and cuts to wages and conditions – in order to pay for an economic crisis caused by the super-rich and their profit driven capitalist system.

While the world’s wealthy sit on unimaginable amounts of money, over one billion people globally struggle to survive on less than $1.25 a day. The charity Oxfam estimates that if the current trend in rising inequality continues then the world’s richest 1% will own more than the 99% combined by 2016!

Under capitalism, the rich inevitably get richer while the poor get poorer. We need to fight for a democratic socialist system where we take the wealth off the 1% and redistribute it to end poverty and exploitation.

If you agree join the Socialist Party and help us build a movement that represents the interests of the majority, not the super-rich 1%.


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