It's the work of more than 100 global researchers over four years, from Thomas Picketty of the Paris School of Economics to Emmanuel Saez of the University of California at Berkeley. The poorest half of the global population earns about 8% of all income and collectively owns less than 5% of wealth. "The poorest half of the global population barely owns any wealth at all, possessing just 2% of the total," the report said. "In contrast, the richest 10% of the global population own 76% of all wealth." The bottom half of the global population is responsible for just 12% of all carbon emissions, while people in the top 10% emit about half.

Source: The North Africa Journal December 12, 2021 23:04 UTC