There are now 2,043 dollar billionaires worldwide. Nine out of 10 of them are men.
In 12 months, the wealth of this elite group of 2,043 has increased by $762 billion — enough to end extreme poverty seven times over.
In the period between 2006 and 2015, ordinary workers saw their incomes rise by an average of just 2 percent a year, while billionaire wealth rose by nearly 13 percent.
Bill Gates, Jeff Bezos and Warren Buffett, the three richest people in the U.S., own the same wealth ($248.5 billion) as the bottom half of the U.S. population.
EXPOSÉ When we started Jeremy Griffin’s eviction campaign at his South Park home, it seemed only reasonable to discuss our concerns with James Gorman, Chairman and CEO of Morgan Stanley. When Mr. Gorman’s staff learned we were sullying their good name in the streets of Seattle, they called Jeremy to assure him that they in […]
This week the Social Security Trustees reported that our FICA contributions plus interest, net of all benefits paid out, have increased the Social Security Trust Fund by $32 billion. The trustees also forecast that Social Security benefits are completely sustainable for the next two decades. The media hasn’t played these reports up much, perhaps because […]
including $400 billion in interest payments on debt from prior wars. Where do 53% of your Tax dollars go? To fund the most enormous war machine the world has ever known. Our defense budget is larger than the next 26 countries’ combined. Comments comments