“The growing concentration of the world’s wealth has been highlighted by a report showing that the 26 richest billionaires own as many assets as the 3.8 billion people who make up the poorest half of the planet’s population.”
World’s 26 richest people own as much as poorest 50%, says Oxfam
Charity calls for 1% wealth tax, saying it would raise enough to educate every child not in school
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This is why we need strong inheritance taxes. Dynastic wealth is UnAmerican and destroying our society.
The richest families in Florence in 1427 are still the richest families in Florence
They maintained their wealth through various sieges, Napoleon, Mussolini, and two world wars.
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#TaxScam #DonTheCon #EndCorporateWelfare “Massive corporations are “flush with leftover cash” and Wall Street banks are raking in enormous profits. CEOs and the wealthiest Americans are getting even richer. Average workers are seeing crumbs.
That is the state of the American economy on the one-year anniversary of the passage of the GOP’s $1.5 trillion dollar tax scam, which Americans for Tax Fairness said on Tuesday will go down as “one of the biggest transfers of wealth to the richest one percent in U.S. history.”
Contrary to President Donald Trump’s soaring promises and outgoing House Speaker Paul Ryan’s (R-Wis.) characterization of the tax law as a tremendous victory for ordinary Americans in his newly released “docu-series,” tax policy experts and progressives argued on the tax law’s first birthday that the plan has done virtually nothing for the working class, while making the wealthiest Americans and largest corporations tremendously richer.” (jn)
“A year later, we can safely say that Republicans’ tax overhaul was a huge payoff to donors, and a scam for average Americans.”
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“An alarming projection produced by the House of Commons library suggests that if trends seen since the 2008 financial crash were to continue, then the top 1% will hold 64% of the world’s wealth by 2030”
Richest 1% on target to own two-thirds of all wealth by 2030
World leaders urged to act as anger over inequality reaches a ‘tipping point’
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This is awesome
“With a direct strike against the grotesque economic inequality that is ravaging societies around the globe, the artist Banksy pulled off a spectacular stunt Friday night when a piece of his artwork—a painting titled “Girl With Balloon” which had just sold for an outrageous $1.4 million—self-destructed right before the eyes of the shocked plutocrats viewing it at the Sotheby’s auction in London.”
‘Going, Going, Gone…’: Banksy Shreds the Richest 1% With Self-Destructing $1.4 Million Piece of Art
“This is the best thing I’ve seen in years!” said one commenter after artist destroys own work moments after it nabs fortune at Sotheby’s
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“Bezos has invested $42 million in a 10,000-year clock being built by the Long Now Foundation…The builders want visitors to consider how we can make sure humanity survives to hear all 10,000 chimes.”
The irony of hoarding billions of dollars while society decays and spending $42 million on a clock to make sure “humanity survives”. Hopefully humanity will survive 10,000 years but parasites like bezos don’t
How the Richest Person on the Planet Spends His Billions
The man who gave us Amazon is just ridiculously wealthy. See what he does with his money.
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Jeff Bezos is an immoral megalomaniac.
“His net worth this year has gone up $52 billion, more than the annual GDP of more than 100 countries, including Lebanon, Macau and Slovenia. The increase this year alone is more than the entire worth of Asia’s richest person, Jack Ma, chairman of Alibaba Group Holding Ltd.”
All this and he can’t pay workers a livable wage or give them bathroom breaks. Bezos = trash. #BoycottAmazon
Jeff Bezos named richest man in history as Amazon workers strike over conditions
Amazon workers in Spain, Germany and Poland are staging strikes to protest working conditions and hours.
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I think it’s time to tax the Uber wealthy out of existence
“This single question occupied us for the rest of the hour. They knew armed guards would be required to protect their compounds from the angry mobs. But how would they pay the guards once money was worthless? What would stop the guards from choosing their own leader? The billionaires considered using special combination locks on the food supply that only they knew. Or making guards wear disciplinary collars of some kind in return for their survival. Or maybe building robots to serve as guards and worker”
Survival of the richest: the wealthy are plotting to leave us behind
For many wealthy and powerful people on Wall Street and in Silicon Valley, the future of technology is really about just one thing: escape.
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Well maybe 50% of Americans should “work harder”!! So then Bill, warren, and Jeff can have even more money
“the country’s three richest individuals—Bill Gates, Warren Buffett and Jeff Bezos—collectively hold more wealth than the bottom 50% of the domestic population”
The 3 Richest Americans Hold More Wealth Than Bottom 50% Of The Country, Study Finds
Collectively, the billionaires on the Forbes 400 hold more wealth than the bottom 64% of America, “more people than the populations of Mexico and Canada combined.”
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“The concentration of extreme wealth at the top is not a sign of a thriving economy but a symptom of a system that is failing the millions of hard-working people on poverty wages who make our clothes and grow our food”
The world’s richest 42 people now have the same wealth as 3.7bn poorest
More than 80 per cent of the all the wealth generated globally last year flowed into the coffers of the richest one per cent of the population, a new Oxfam report has revealed. The research, published on Monday, also shows that the 3.7 billion individuals who make up the poorest half of the global p…
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