Posts Tagged ‘wealth’

Visualizing Wealth Distribution In America (1990-2023)

Wealth distribution in America has become increasingly concentrated since 1990. Today, the share of wealth held by the richest 0.1% is currently at its peak, with households in the highest rung having a minimum of $38 million in wealth. Overall, roughly 131,000 households fall into this elite wealth bracket. This graphic, via Visual Capitalist’s Marcus Lu, charts patterns in […]

Wealth over fairness: Shocking report unveils tax favoritism for the rich in 41 US states

According to the report, in 41 out of 50 states, the wealthiest 1 percent are subjected to lower tax rates compared to other income groups. Source

Sickening Profits — The Global Food System’s Poisoned Food and Toxic Wealth

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Billionaire Heirs: The accelerating $5.2 trillion wealth transfer

Without robust wealth and inheritance taxes the children and grandchildren of today’s billionaires will dominate our future politics, economy, culture, and philanthropy.” Source

Visualizing The 25 Best Stocks By Shareholder Wealth Creation Since 1926

Visualizing The 25 Best Stocks By Shareholder Wealth Creation Since 1926 Out of 28,114 publicly-listed U.S. companies analyzed over the last century, the 25 best stocks have created nearly a third of all shareholder wealth. Put another way, as Visual Capitalist’s Jenna Ross and Joyce Ma detail below, just 0.1% of stocks have added over $17.6 trillion […]

Germans Have “Moral Obligation” To Sacrifice Living-Standards & Wealth, Claims Green Party MP

Germans Have “Moral Obligation” To Sacrifice Living-Standards & Wealth, Claims Green Party MP Authored by John Cody via Remix News, Germans are facing an increasing range of economic problems, including recession, inflation, falling real wages, and even the beginnings of deindustrialization, but Green Party MP Green Party Johannes Wagner is claiming that Germans have a “moral duty” […]

Elon Musk’s ‘Project Omega’ Could Be a Golden Ticket to Wealth

A radical piece of technology that Elon Musk, Peter Thiel, and a few other Silicon Valley Insiders are involved with is on track to mint more millionaires and billionaires than the internet. Source

Interview 1818 – Wealth Transfer and Population Control on CHD TV

via CHD.TV: “They’re not talking about health, they’re talking about a transfer of wealth.” James Corbett and James Roguski return to ‘Good Morning CHD’ with Dr. Meryl Nass to chronicle the latest on the WHO and global control efforts. The post Interview 1818 – Wealth Transfer and Population Control on CHD TV first appeared on The […]

US Household Wealth Rebounded to $147.7 Trillion in 4th Quarter

Dr. Andrew Glass, DPM, is a podiatrist with more than 20 years of experience at NY Podiatric Medicine and Surgery. He is board-certified by the American Board of Multiple Specialties in Podiatry (ABMSP). Rising stock market prices pumped wealth back into Americans’ pockets at the end of last year, but declining property values, slowed credit […]

How worker ownership builds community wealth and a more just society

Community wealth building initiatives are taking hold in cities across the world, strengthening worker pay, local economies and democracy. Source

California Democrats consider wealth tax — including for people who moved out of state

California Democrats consider wealth tax — including for people who moved out of state. California lawmakers are pushing legislation that would impose a new tax on the state’s wealthiest residents — even if they’ve already moved to another part of the country. Source

Australia Is One of the World’s Richest Countries, Global Wealth Report Shows

Australia is among the richest countries in the world, ranked fifth in terms of household wealth on a country-by-country basis, with average wealth per capita rising above US$50,000, according to a Credit Suisse report. Australia, which accounts for just 0.5 percent of the global population, ranked fourth in the world for the number of millionaires as […]

Fresh Demand for U.S. and E.U. to Transfer Wealth Through ‘Climate Reparations’

A call for a host of taxes on the U.S. and European nations designed to transfer wealth to economies confronting “the cost of drought, floods and superstorms made worse by rising temperatures” was renewed Wednesday at a U.N. climate conference in Germany.

‘Can’t afford’ build back better? US billionaires saw $1 trillion wealth boom in 2021 alone

Image credit: Wikipedia A new analysis out Tuesday shows that the nearly 750 billionaires in the United States saw their combined wealth soar by $1 trillion in 2021, a 25% jump that—if taxed—would be enough to fully fund major priorities in Democrats’ stalled Build Back Better package. According to fresh number-crunching by Americans for Tax Fairness (ATF), Tesla […]

Billionaires increased wealth by $3.6 trillion in 2020, as millions died from global pandemic

The World Inequality Report 2022, released by the global research initiative World Inequality Lab, found that the COVID-19 pandemic has widened the financial gap between the rich and poor to a degree not seen since the rosy days of world imperialism at the turn of the 20th century. The world’s billionaires enjoyed the steepest increase […]

‘Stop F*cking Talking’: Some House Democrats Oppose Radical Wealth Tax

A few House Democrats on Tuesday vocally opposed the recently proposed radical wealth tax applied to assets that have increased in value but have not yet been sold. The tax, proposed by Sen. Ron Wyden (D-OR) to reduce infighting among the far-left and the “moderate” Democrats, has likely fallen flat. Rep. Dan Kildee (D-MI) told […]

Public health or private wealth? How digital vaccine passports pave way for unprecedented surveillance capitalism

The titans of global capitalism are exploiting the Covid-19 crisis to institute social credit-style digital ID systems across the West. The death by starvation of Etwariya Devi, a 67-year-old widow from the rural Indian state of Jharkhand, might have passed without notice had it not been part of a more widespread trend. Like 1.3 billion of […]

GREAT RESET: 1% of Americans Now Own More Wealth Than the Entire Middle Class

GREAT RESET: 1% of Americans Now Own More Wealth Than the Entire Middle ClassDate: October 20, 2021Author: Nwo Report   Source: Richard MoorheadFederal Reserve data published earlier last week indicates that the wealthiest one percent of Americans now possess more wealth than the entire middle class.The United States’ economic trend towards an oligarchy accelerated during […]

How has the Pandemic Redistributed the World’s Wealth?

At a recent IMF event on recovering nations from the coronavirus pandemic, UN Secretary-General António Guterres said that the COVID-19 coronavirus plunged over 100 million people into poverty, with over 4 billion people with little or no social support. Hardly anyone would deny that the coronavirus pandemic is having a disastrous impact on the world, […]

GLOBAL TAX: At UN Meeting, the Vatican calls for redistribution of Wealth to Overcome ‘Economic Inequality’

Vatican foreign minister Archbishop Paul Gallagher has called for increased redistribution as a necessary means of overcoming economic inequality, the Catholic News Service reported Wednesday. Yesterday, the big headline was ‘World Leader Reach Landmark Deal On Global Tax Rate’, and everyone got all excited at this latest New World Order update. But NTEB told you back in […]

The US Is Officially A Banana Republic: The Top 1% Now Own More Wealth Than The Entire Middle Class

In some ways, we sympathize with Neel Kashkari’s fake “concern” about the unprecedented wealth inequality that has emerged in the US in recent years and which has resulted in a slow, methodical and relentless destruction of the US middle class … or rather make that precedented because there was another time when the top 0.1% had amassed as […]

NYT runs interference for billionaires who don’t want their wealth taxed

Image Credit: Getty Images; Mike Blake/Reuters According to a White House analysis (9/23/21), the country’s 400 wealthiest families have an effective tax rate of just over 8%. At the New York Times (9/23/21), reporter Jim Tankersley was quick to cast doubt on the figure. According to Tankersley’s framing, the analysis “seeks to show a gap […]

UAE’s wealth fund seeks to invest in Turkey, report says

Investment funds in Abu Dhabi are looking for investment avenues in Turkey, Bloomberg reports. According to the report, the negotiation meetings between the funds from the United Arab Emirates and companies in Turkey have been ongoing for months. Abu Dhabi Investment Authority (ADIA), the emirate’s biggest wealth fund, is among the organisations that want to […]

Scheer Intelligence: Prisons Enable America’s Obscene Wealth

Above photo: Eddie Conway. J.M. Giordano/City Paper. On this week’s “Scheer Intelligence,” prisoner-turned-journalist Eddie Conway talks about how the immorally cheap labor of those caught in the prison industrial complex is the shame of the U.S. economy. The story of Marshall “Eddie” Conway, a military veteran and former Black Panther who was imprisoned for 43 […]

The Data Shows The Fed Is Behind The Surging Wealth Gap

The data shows the Fed is behind the surging wealth gap. Such is despite protestations “Quantitative Easing” and “Zero Interest Rate Policy” do not affect the financial markets. Such was noted previously by Minneapolis Fed President Neel Kashkari: “QE conspiracists can say this is all about balance sheet growth. Someone explain how swapping one short-term risk-free instrument (reserves) for […]

Bread and Circuses – US Households Increase Debt in Wealth Destroying Areas: Mortgage Debt Holds Steady since 2008 while Debt in Auto Loans, Student Loans, and Credit Cards Reach Record Levels.

Americans for the most part generate their wealth via owning homes. Yet many younger Americans are having a tough time buying a home because of a crowding out effect from investors largely from Wall Street. I’ll start this post with some telling data: In 2008 US households had about $10 trillion in mortgage debt. Today […]

Wealth Redistribution: BlackRock Investors Buying Entire Neighborhoods At Huge Premiums

Home » Economy, North America, Social » Wealth Redistribution: BlackRock Investors Buying Entire Neighborhoods At Huge Premiums     As the real estate market continues to break records, a cabal of institutional investors has been tossing gasoline on the fire – buying up properties hand-over-fist as middle-American renters watch their dreams of home ownership fade […]

COVID ‘Billionaire Boom’ Has Seen Aggregate Wealth More Than Double To $13 Trillion

(Zero Hedge) America’s billionaire class is now the second most “bloated” in the world after…Sweden? If that sounds strange, it’s just one example of how the global explosion in wealth is impacting the world in unexpected ways. This is according to research by FT contributing editor Ruchir Sharma, who has been tracking the global rise […]

Zuckerberg uses “climate change” as a shield to cover for his obscene wealth

Iowa Climate Science Education Is ?climate change? just the handy branding for the uber rich to hide behind? Mark Zuckerberg, the Facebook chief who deletes people to save The Earth, is also apparently working on owning an island by suing the hapless native Hawaiians who were in the way. His holiday house on Kauai Island […]

How The Federal Reserve Is Increasing Wealth Inequality

Above photo: Wenjia Tang for ProPublica. The Fed’s low-interest-rate policies have stabilized the economy and turbocharged the stock market. But those who don’t own lots of stocks haven’t benefited anywhere near as much as those who do. Ever since the COVID-19 pandemic struck, the Federal Reserve has gotten plenty of kudos for moves that have […]

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