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Category Archives: Distribution of Wealth
The rich live longer than the poor. At least 14% of wealth is hidden in tax havens
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
Posted in Corruption, Tax Avoidance
Tagged corruption, tax haven
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Book review of “White Trash. The 400-year untold history of class in America”
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
Posted in Distribution of Wealth, Financial, Politics, Poverty
Tagged distribution of wealth, poverty, white trash
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Limits to Growth? 2016 United Nations report provides best evidence yet
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
The 1% have always been with us – even hunter gatherers had inequality
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
Tax avoidance
8% of the global financial wealth of households is held in tax havens, 75% of which goes unrecorded Gabriel Zucman. July 6, 2013.
Posted in Tax Avoidance
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Wall Street’s version of capitalism is a fraud wrapped inside a delusion
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
Posted in CEO Pay
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How Corporations avoid being taxed
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
Posted in Tax Avoidance
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Inequality goes back to the Stone Age
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
Posted in Distribution of Wealth
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