Posts Tagged ‘wealth’

‘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 […]

Global Billionaires’ Wealth Increase By $4 Trillion During The Pandemic

As the S&P 500 and DJIA soared to new closing records on Monday even as New York State is reportedly on track to adopt a groundbreaking state wealth tax (the latest effort by Gov. Andrew Cuomo to distract from the twin scandals over sexual harassment of female aides and his office’s efforts to cover up […]

Bernie Sanders: Amazon CEO Bezos’ Power, Wealth ‘a Serious Problem’

Sunday on MSNBC’s “The Mehdi Hasan Show,” Sen. Bernie Sanders (I-VT) warned of the “serious problem” posed by Amazon CEO Jeff Bezos, who is one of the richest men in the world. Host Mehdi Hasan asked Sanders, “How much do you think representative democracy in this country is threatened by the power of a single […]

Gulf sovereign wealth funds eye Israel, but need time to make their first moves

News and Partnerships Life and Culture Columnists and Opinion Haaretz Heb and TheMarker Haaretz.com, the online English edition of Haaretz Newspaper in Israel, gives you breaking news, analyses and opinions about Israel, the Middle East and the Jewish World. © Haaretz Daily Newspaper Ltd. All Rights Reserved Source

Maya Wealth Inequality Was Linked to Despotism, Claims Belize Study

A new study of hundreds of Maya habitations in Belize has revealed a massive wealth gap developed in the Classic Maya period. While it may not come as a surprise to discover that Maya society was authoritarian, through analysis of the remains of ancient houses, this research has concluded that societies with inequality of wealth […]

The House of Borgia: Family Of Great Renown, Wealth And Corruption

The House of Borgia was a noble family that rose to prominence during the 15 th and 16 th centuries. Originally from Spain, the family established itself in Italy, where they played an important role in the country’s affairs. On the one hand, they were great patrons of the arts, and contributed substantially to the Italian Renaissance. […]

World’s Ten Richest Men See Wealth Increase by Half a Trillion Dollars Since COVID Lockdowns

The world’s ten richest men, including Bill Gates and Jeff Bezos, have increased their wealth by half a trillion dollars since the COVID lockdowns began. A recent report by Oxfam reveals that huge numbers of the population have been plunged into poverty and have seen “the worst jobs crisis in over 90 years with hundreds […]

World’s Ten Richest People See Wealth Increase By Half A Trillion Dollars Since Beginning of COVID

By Arjun Walia A recent report by Oxfam shows that “the world’s ten richest men have seen their combined wealth increase by half a trillion dollars since the pandemic began.” On the other hand, the majority of people have been ushered into “the worst jobs crisis in over 90 years with hundreds of millions of […]

‘Why Not China?’ Protests Greet New Zealand Sovereign Wealth Fund’s Decision to Divest From Israeli Banks

A branch of Israel’s Bank Leumi. Photo: Reuters / Nir Elias / File. New Zealand’s sovereign wealth fund divested from five Israeli banks on Wednesday, citing their alleged funding of Israeli settlements in the West Bank as the reason, and drawing sharp criticism for focusing on the Jewish state while ignoring the world’s major abusers […]

Rand Paul: Democrat ‘Class Warfare Wealth Tax Will Destroy Our Country’

A post claiming to be from a Robinhood employee that has gone viral on Reddit alleges that the White House put pressure on the broker to halt buying of GameStop shares. Retail traders were left fuming earlier today when Robinhood and other trading platforms curbed buying of stocks that the Reddit community WallStreetBets has targeted […]

Lee Camp: It’s Time For Major Wealth Redistribution

Above photo: Demonstrators gathered at Union Square in New York City Saturday, February 20, 2021 to stand in solidarity with Amazon workers in Alabama voting to become the company’s first union in the United States. Demonstrators marched to Jeff Bezos’ luxury penthouse at 212 Fifth Avenue following speeches. Bezos’ personal wealth is estimated at nearly […]

Rick Wiles Floats 2024 Presidential Campaign, Promises to Seize the Wealth of Billionaires and Give it to the Poor

For years we have watched as radical right-wing conspiracy theorist Rick Wiles has used his “TruNews” program to endlessly rail against Democrats for allegedly attempting to install a communist, Marxist, or socialist regime in the United States. It was therefore a little surprising to hear Wiles declare on his television program Monday night that he […]

Financial Planners Develop a Portfolio to Support Israel and Grow Wealth

Two years ago, Selwyn Gerber, chairman and chief strategist of RVW Wealth, a financial planning company, along with President Jonathan Gerber, wanted to figure out a way investors could support Israel. They looked at the current options and realized they just weren’t enough. “We wanted to give people access to Israeli capital markets,” said Jonathan, […]

Some Variables Related to Wealth and Destitution

Many a person knows that “it takes money to make money.” So rather than frittering away financial assets, these many invest money in ways and means that are thought will likely lead to more capital being accrued. Of course, any fiscal gain is often largely predicated on others needing or wanting some product or service […]

U.S. Billionaires Boost Their Wealth by 40 Percent During Coronavirus Crisis

Billionaires in the United States have increased their wealth by nearly 40 percent since the start of the Chinese coronavirus crisis, new analysis finds. The nation’s 660 billionaires have grown their collective net worth by $1.1 trillion since March 2020, when economic lockdowns closed small and medium-sized businesses, according to analysis by Americans for Tax […]

Wealth Of Indian Billionaires Increased 35% During Covid Pandemic

The coronavirus pandemic and the subsequent lockdown in India made the rich richer said a report by Oxfam. The report – titled The Inequality Virus – said the wealth of the country’s billionaires increased by an estimated 35 per cent during the lockdown, while 84 per cent of households suffered varying degrees of income loss, […]

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