Tag Archives: poor

Americans Don’t Realize Just How Badly We’re Getting Screwed by the Top 0.1 Percent Hoarding the Country’s Wealth

By David DeGraw Amped Status, August 14, 2011, Printed on August 16, 2011 With an unprecedented sum of wealth, tens of trillions of dollars, held within the top one-tenth of one percent of the US population, we now have the most severe inequality of wealth in US history. Not even the robber barons of the Gilded Age were as greedy as the modern-day economic elite. As American philosopher John Dewey said, “There is no such thing as the liberty ... Read more

World’s wealthiest people now richer than before the credit crunch

World Wealth Report reveals soaring numbers of rich individuals in Asia Pacific region – but slower growth in Britain By Jill Treanor The Guardian, June 22, 2011 We are not all in this together. The UK economy is flat, the US is weak and the Greek debt crisis, according to some commentators, is threatening another Lehman Brothers-style meltdown. But a new report shows the world’s wealthiest people are getting more prosperous – and more ... Read more