Posts Tagged ‘wealth’

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Hedgefunds Billionaires vs. Kindergarten Teachers: Whose side are you on? 

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How to be rich!

American Gold Cross (short)

Posted: June 4, 2015 in -
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CNN: ‘Scandinavian Dream’ is true fix for America’s income inequality
  • Clamp down on Wall Street and require certain asset managers to disclose their holdings, returns and fees.
  • Enact a transaction tax to reduce short-term trading and encourage long-term investment.
  • Require companies to provide more information about their CEO’s pay relative to performance and workers’ earnings.
  • Raise taxes on capital gains and dividends.
  • Tax corporations on global income.

And to promote growth among the middle class, Stiglitz suggests that the U.S.:

  • Invest in infrastructure for long-term economic and job growth.
  • Strengthen workers’ bargaining rights.
  • Raise the minimum wage to reflect local economic conditions. (Many cities and metro areas could justify $15 an hour.)
  • Invest in young children through early education.
  • Require universal paid sick and family leave.

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“Vanity capital” is the new metric for narcissism, and analysts say its value worldwide is greater than Germany’s GDP

Whether $4.5 trillion is an accurate measure of how much people spend on purchases motivated in some way by vanity is debatable. But in the age of the selfie, it seems a safe bet that the number, whatever it may be, is growing.

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US wealth inequality – top 0.1% worth as much as the bottom 90%

There are words for this:

Plutocracy
Kakistocracy
Aristocracy
Fascism
Wealth Inequality
Bad Policy
Class War
Corruption

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Just so you know where all the money went after that “crash” of 2008. It seems not everyone crashed. In case you haven’t been paying attention…

According to Oxfam, the world’s rich are getting richer, leaving hundreds of millions of people facing a life “trapped in poverty” as global “inequality spirals out of control”.

Number of global billionaires has doubled since the financial crisis