Published on Monday, January 19, 2015 by Common Dreams by Jon Queally, staff writer In less than two years, if current trends continued unchecked, the richest 1% percent of people on the planet will own at least half of the world’s wealth. That’s the conclusion of a new report from Oxfam International, released Monday, which states that the rate […]
The only good news from this chart is that because the middle class are not healthy enough to sustain the top 1% a shift, a revolution, a catastrophe of some form is inevitable and so we can count on some change in the near term… it may not be pretty but it is definitely going […]
Free Lunch author, David Cay Johnston, talks about wealth inequality and how taxpayers foot the bill. Sports stadiums and some golf resorts receive more in subsidies than they earn in profit, which means without taxpayer help, they couldn’t afford to operate.