A likely consequence of global warming will be the redistribution of Earth’s rain belts, affecting water availability for many of Earth’s inhabitants. We consider three ways in which planetary warming might influence the global distribution of precipitation. The first possibility is that rainfall in the tropics will increase and that the subtropics and mid-latitudes will become more arid. A second possibility is that Earth’s thermal equator, around which the planet’s rain belts and dry zones are organized, will migrate northward. This northward shift will be a consequence of the Northern Hemisphere, with its large continental area, warming faster than the Southern Hemisphere, with its large oceanic area. A third possibility is that both of these scenarios will play out simultaneously. We review paleoclimate evidence suggesting that (i) the middle latitudes were wetter during the last glacial maximum, (ii) a northward shift of the thermal equator attended the abrupt Bølling-Allerød climatic transition ~14.6 thousand years ago, and (iii) a southward shift occurred during the more recent Little Ice Age.