The 1% Economy: The World's Richest 62 People Now Have as Much as Poorest 3.6 Billion
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http://democracynow.org - A new report from Oxfam on global inequality finds the world’s richest 62 billionaires now own as much wealth as half the world. The wealth of the poorest half—3.6 billion people—has fallen by $1 trillion since 2010. At the same time, the wealth of the world’s richest 62 people has increased by more than half a trillion dollars. Oxfam faults a global financial system that has "supercharged the age-old ability of the rich and powerful to use their position to further concentrate their wealth." The report singles out deregulation, privatization and offshore tax havens that have let trillions of dollars go untaxed. The Oxfam report is timed to coincide with the meeting of global elites at the World Economic Forum in Davos, Switzerland. We are joined by Raymond Offenheiser, president of Oxfam America. Democracy Now! is an independent global news hour that airs weekdays on nearly 1,400 TV and radio stations Monday through Friday. Watch our livestream 8-9AM ET: http://democracynow.org Please consider supporting independent media by making a donation to Democracy Now! today: http://democracynow.org/donate FOLLOW DEMOCRACY NOW! ONLINE: Facebook: http://facebook.com/democracynow Twitter: https://twitter.com/democracynow YouTube: http://youtube.com/democracynow SoundCloud: http://soundcloud.com/democracynow Daily Email: http://democracynow.org/subscribe Google+: https://plus.google.com/+DemocracyNow Instagram: http://instagram.com/democracynow Tumblr: http://democracynow.tumblr Pinterest: http://pinterest.com/democracynow iTunes: https://itunes.apple.com/podcast/democracy-now!-audio/id73802554 TuneIn: http://tunein.com/radio/Democracy-Now-p90/ Stitcher Radio: http://www.stitcher.com/podcast/democracy-now
Comments
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Problem is Republicans have pledged to never raise tax, even for this type of loophole else they be driven out of office by Grover Norquist the master who shares the same characteristics of Satan and he does exist in these 62. Meanwhile 3.6 billion are happy just to eat a single meal per day. Income inequality means 62 people run every Government in this world. No wonder people are afraid.
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Who cares about TAXES? The truth is that the federal income tax goes straight to the pockets of these rich people. How?
Well look around and see who is buying the treasury bonds? Is it your grandmother? No. Banks buy them using money they created out of thin air. So when these idiots want to close the loop holes what they are really saying is that we need to squeeze companies so that they can give it to the bond holders. -
They have already condemned this video before you will ever see it.
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Presidents have ZERO power.
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The global banking cabal led by the criminal FED seized power in 2008.
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Anyone thinking ANY politician is going to "fix" this, doesn't get it.
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Class War Now!
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The wealth gap scares me more than climate change and ISIS.
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as long as et dont show up, big rock dont hit the earth, or god comes back history will repeat itself. the sheep will rise up eventually. truth be told it is probably gonna take a GOD to beat these evil ones who are in control.
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"The world is full of kings and queens, who'll blind your eyes and steal your dreams."
"When you walk in golden halls, you get to keep the gold that falls."
- Ronnie James Dio -
But they have this much because they work so hard right?
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And guess what is their religion
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How much money and wealth does one man need while millions around him are homeless, suffering, and starving?
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It was great to see and hear what Joseph Stiglitz had to say at Davos. Especially when he confronted the "leader" of my nation and contradicted what he had to say with cold hard facts. Now people, Mr Joseph Stiglitz, read his books!
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We need to vote for BERNIE SANDERS FOR PRESIDENT 2016
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Its called Taxation, we're not taxing these cunts and they only get richer. We need the 90 percentile taxation system back for those who make a grotesque amount of money.
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Eat the Rich
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