Pop Culture

Billionaire Who Owns Cartier Fears REVOLUTION From The Poor

By MyReligionIsRapAdmin

Posted on March 23, 2020

You may have never heard of Johann Peter Rupert, the 69-year-old billionaire with an estimated net worth ranging between 6 – 7.5 BILLION US dollars but you’re probably familiar with some of the luxury brands he owns including Cartier. While giving a speech for the Financial Times Business of Luxury Summit in the city-state known as Monaco (Note: Monaco is a place which caters to the world’s uber-weatlthy and is located in next to France on the Mediterranean coast) Rupert stated he fears the world’s poor will rise to revolution as state of the art technology continues to replace jobs usually afforded to the world’s working class citizens.

During his speech Rupert mentioned an Oxfam study which suggests the top 1% of the world’s wealthiest people now own more wealth than the remaining 99% of the planet.

My Religion Is Rap found the Oxfam report Rupert is referring to. The report was published on 1/18/2016 and makes the following frightening assessments:

“The global inequality crisis is reaching new extremes. The richest 1% now have more wealth than the rest of the world combined. Power and privilege is being used to skew the economic system to increase the gap between the richest and the rest. A global network of tax havens further enables the richest individuals to hide $7.6 trillion. The fight against poverty will not be won until the inequality crisis is tackled.”

Rupert bluntly asks his fellow 1%ers,

“How is society going to cope with structural unemployment and the envy, hatred and the social warfare? We are destroying the middle classes at this stage and it will affect us. It’s unfair. So that’s what keeps me awake at night.”

History proves that when those in power are unable to find solutions for the citizens under their political control they tend to create division mechanisms based on race, religion, and as of lately, sex also. The divisions are constantly being instigated more or less depending the needs of those in power.

Source: www.indepedent.co.uk