Category Archives: Distribution of Wealth

The rich live longer than the poor. At least 14% of wealth is hidden in tax havens

Posted on March 17, 2020 by

Preface. No surprises here. With peak oil close at hand, I can’t see universal healthcare and other safety nets enacted, just more and more taken away.  It is so shameful the U.S. doesn’t take care of its people, it is … Continue reading →

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Book review of “White Trash. The 400-year untold history of class in America”

Posted on September 27, 2018 by

Preface.  This book makes the case that the poor arrived 500 years ago when America was first settled, and most of them never rose to the middle or upper classes because “land was the principal source of wealth, and those … Continue reading →

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Limits to Growth? 2016 United Nations report provides best evidence yet

Posted on April 23, 2017 by

This peer-reviewed United Nations report (excerpts below) ought to scare anyone who understands exponential growth. Here are a few examples to think about while reading the report: If 2 grams of gold grew at a 5% compound rate for 2,000 … Continue reading →

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The 1% have always been with us – even hunter gatherers had inequality

Posted on October 7, 2016 by

Pringle, H. May 23, 2014. The ancient roots of the 1%. Science 344: 822-825. Don’t blame farming. Inequality got its start among resource-rich hunter-gatherers. In 79 C.E., the year Mount Vesuvius destroyed it, Pompeii was not one city but two. … Continue reading →

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Tax avoidance

Posted on April 16, 2014 by

8% of the global financial wealth of households is held in tax havens, 75% of which goes unrecorded Gabriel Zucman. July 6, 2013.

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Wall Street’s version of capitalism is a fraud wrapped inside a delusion

Posted on April 14, 2014 by

Demerit-Based Pay Feb 5, 2009. Eric J. Fry. Rude Awakening Russia, according to Winston Churchill, was a “riddle wrapped inside an enigma.” Wall Street’s version of capitalism, according to us, is a fraud wrapped inside a delusion. The fraud is … Continue reading →

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How Corporations avoid being taxed

Posted on April 3, 2014 by

Switching Names to Save on Taxes April 3, 2014. Floyd Norris. New York Times Caterpillar avoided billions of dollars in United States income taxes by taking the name of the American parent off the invoices and put in the name … Continue reading →

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Inequality goes back to the Stone Age

Posted on June 15, 2012 by

28 May 2012. Inequality Dates Back to Stone Age: Earliest Evidence Yet of Differential Access to Land. ScienceDaily. Hereditary inequality began over 7,000 years ago in the early Neolithic era, with new evidence showing that farmers buried with tools had … Continue reading →

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How corporations used conservative religion to gain wealth and power and undo the New Deal

Posted on January 9, 2010 by

Source: Republican Jesus [ This is a book review of One Nation Under God: How Corporate America Invented Christian America by Kevin Kruse (2016), followed by excerpts from the book.  Much of this introduction is my take on what this … Continue reading →

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