MLK Weeps: 80 Peoples’ Wealth=3.5 BILLION Ppl Wealth, 1% Will Control 50% Global Wealth By 2016

In General Interest by Jonathan Tasini0 Comments

There is little doubt that if Martin Luther King Jr. was alive today–and he would be 85 years old–he would be at the forefront of decrying the class warfare that has reached levels that even he could not have imagined during his short lifetime. He once said that what we “are saying that something is wrong … with capitalism…. There must be better distribution of wealth and maybe America must move toward a democratic socialism. Call it what you may, call it democracy, or call it democratic socialism, but there must be a better distribution of wealth within this country for all of God’s children.”

And he would have woken up to this startling fact: the richest 1% of people throughout the globe control 48% of the planet’s wealth, leaving the other 52% for the other 99% of humanity.

You Earned $265 Million In 2010

In General Interest by Jonathan Tasini0 Comments

Well, of course, you didn’t–and this is no Nigerian prince scam. Rather, it’s the average income for the top 400 earners in the U.S. This isn’t the top 1 percent. This is the ubber top percenters, the .001 percent.

Pity The Hedge Fund Guy Who Needs Better Digs

In General Interest by Jonathan Tasini0 Comments

For your digestion, or indigestion, another chapter in the astonishing chutzpah and greed. When the rich don’t have enough room or covet something else, they just buy another property for a nice cool $60 million — and, then, they whine about taxes being too high.

White Flag of Surrender on Taxes–By Democrats

In General Interest by Jonathan Tasini0 Comments

This is not another analysis or observation focusing on the strategy and tactics that led to the deal just made on taxes. I was bored by the whole debate weeks ago because, frankly, it missed a much more central fact: the Democratic Party long ago gave up the fight over having a sensible tax rate for the richest people.

Facts And Figures

In General Interest by Jonathan Tasini0 Comments

Facts and figures are useful when you try to get through the smokescreen of political spin. Here are facts about the tax deal — a bad one, in my view.

Letting the Rich Escape

In General Interest by Jonathan Tasini0 Comments

   If this is true, Obama is done: The parties are looking for ways to include smaller tax increases than Democrats had previously sought but more than Republicans want. In …