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Half our adult population is worth more than $US219,500, the highest median wealth in the world. The benefits of such wealth are intergenerational. The Credit Suisse report finds ''across generations, the latest evidence points to more persistence'' among the nations and individuals who have it. People who discount inherited advantage need to consider this finding: ''Our analysis suggests that 10 generations or more have to lapse before the wealth of an individual in North America is completely independent of the wealth Puma X Stampd Clyde Puma Black

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of their ancestors. ''This means that for those of us born advantaged, it is our natural environment; we know no other, nor do we realise how unusual it is. The Abbott government is cutting $4.

Nancy Ditomaso. )Another eye opening read is Credit Suisse's Global Wealth Report 2013, which details inequities that are plain unconscionable. If we were really as clever as we imagine, not to mention caring, we'd see in the statistics a denial of opportunity that is criminal in its stifling of human and economic potential and immoral in its creation of avoidable suffering. The bottom half of the world's people survive on barely 1 per cent of the world's wealth; the top 10 per cent hold 86 per cent of all assets. Net assets of $US4000 put a person in the better off half. Just $US10,000 qualifies for the top third. Average Puma Ignite Woven Australian wealth per Puma Ignite Olive

´╗┐ne the disadvantaged alternative would do well to read a New York Times article, ''How Social Networks Drive Black Unemployment'', by Puma Ignite Dual Running Shoes

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adult is 40 times that amount.

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5 billion from the aid budget over four years because politically it is safe to do so. In a world in which Australians are the most advantaged of all people, that's a depressing measure of national selfishness. As the world's most well off people, we should gladly devote a tiny bit more of our taxes to helping the worst off. Surely that was the thinking when the Howard government signed up to the Millennium Development Goal of putting 0. 7 per cent of national income into aid. Yet Australia spends ba.

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