Home | About | Donate

'Billionaire Boom': While World's Richest 1% Took 82% of All New Wealth in 2017, Bottom Half Got Zero

'Billionaire Boom': While World's Richest 1% Took 82% of All New Wealth in 2017, Bottom Half Got Zero

Jon Queally, staff writer
A new billionaire was created every two days last year and now, according to Oxfam, just 42 individuals own as much wealth as the world's poorest 3.7 billion people

Time to build the guillotines.

11 Likes

and then time to use the damn things.

enough is enough with these overlords

3 Likes

When a self-fullfilling solipsism (predatory economic construct) convinces a ‘True Believer’ (see Eric Hoffer on mass movements) human beings enter into a precipitous devolution. That regression functions like the Chinese finger trap. The steeper the decline the less likely for the ‘trapped’ to think clearly, feel fully and act wisely. In terms of “class war” the investor/owner is the trap as well as the trapped.

4 Likes

Thank you for the reference to Eric Hoffer, the True Believer is my Bible.

I have been reading reports like this from all over the web for the last 12/16 hours. If you are paying attention you are crying.

4 Likes

Too clean, make it dirtier.
Sorry, it makes me angry what is going on and I’ve been angry for years. Someday I’ll get it under control.

1 Like

How long will the American people tolerate this?

5 Likes

How wealth and those who control it came to control representative government and enhance their own wealth at the expense of all others - corruption of individuals, politics, elections, government, legislation, truthful informative media, and courts. An obscenity and capital crime -treason by those who became criminals to serve and lead the Con.

An obscenity and crime against the people and nations by any gauge one might use. Money has become the arbiter of truth and justice - sanctioned by the so-called “supreme” court - controller of our lives and future of our Mother Earth and all Her other creatures -we have all been made wage and debt/interest slavery with those who play the game diverted from truth and those who struggle thrown out in the garbage - all slaves, modern serfs one way or another.

There have always been Quislings and agents to serve the power and still are, either consciously or those asleep to the crime and domination of their lives. Do we still have even the idea of unity and resolve to fight against the Con - the power? To rise up to demand revolutionary change? To gather together and shout I’m mad as Hell, and I’m not going to take it any more?

4 Likes

This “country” was developed on the frontier model. There is no more frontier. We have a MORAL duty to take care of one another. We all know what trickles down, now don’t we?

2 Likes

Here’s a good take on money, and what is done with it, and what could be:

https://www.counterpunch.org/2018/01/22/behind-the-money-curtain-a-left-take-on-taxes-spending-and-modern-monetary-theory/

1 Like

What good are billionaires?

If 95% of the voting electorate keeps voting for billionaires and billionaire-wanabees, we will never regain our Democracy.

Vote for the those more interested in doing good for the masses.

2 Likes

A large percentage of the American people are programmed to worship the rich.

3 Likes

Maybe you guys are just kidding advocating violent revolution, however violence only begets more violence, which history has proven. And, I think cd should delete all comments that call for killing … Calling for violence helps violent fascists label U.S. citizens as terrorists.

Probably so, but I think the world is more persuaded by the nearly 1,000 military bases we maintain around the world, the active warfare we are conducting in who-knows-how-many countries now, the drone strikes, the threats of nuclear war from “our” President, the racism, the mass incarceration, the colonialism, the fundamentalism of our own religious lunatics at the very top…

So, forgive us if we vent.

4 Likes

As long as the majority of Americans still believe this: IF YOU THINK YOU ARE SO SMART; WHY AIN’T YOU RICH?

2 Likes

Unfortunately, it is not merely the 33 percent (or whatever) of Americans who support Trump who are suckers for “capitalism.” The acceptance of modern day predatory theft as “free enterprise” is embraced by 90 percent of the country, who know nothing of history and who assume “it’s always been this way.”

If you propose solutions that involve limiting profits, limiting the accumulation of wealth, forcing the wealthy and corporations through taxation or mandatory charitable giving to provide for an equitable society - they look at you like you are a radical, maybe a Communist, simplistic. “It has always been this way, and you’ll never change it,” say the knaves.

And with such an attitude, and such general ignorance of history and more, it is no wonder we find ourselves where we are today. Americans are getting shafted, everything of value in their republic destroyed, and they shrug, turn away and watch football. It’s hard to be hopeful under such circumstances; when things get so bad that people maybe start to wake up, it will be too late to salvage anything we value.

5 Likes

Kind of like the frog being gradually boiled…doesn’t even realize the heat is being turned up until it’s too late.

1 Like

I hope Gaea’s not depending on you to save it. It’s toast.

Just more comfortable concern-trolling from someone who still thinks the Cubans could have liberated themselves by filling out complaint forms at Havana’s casinos.