According to a new report by Oxfam titled Working For The Few the wealth of the 1% richest people in the world amounts to $110 trillion, or 65 times as much as the poorest half of the world. Notably Oxfam does not buy into the nonsense about technology and education leading to yawning gaps in wealth inequality but properly notes that abuses of power and thievery are principally to blame.
|By: DSWright Tuesday January 21, 2014 6:47 am|
|By: BrandonJ Wednesday December 18, 2013 11:15 am|
A recent report by The Chronicle for Higher Education has found 42 private college presidents made over $1 million in executive pay, up from last year’s figure of 36 millionaire presidents. The list was based on 2011 federal tax data from institutions receiving endowments.
|By: DSWright Wednesday December 11, 2013 11:10 am|
With even President Obama lamenting the loss of social mobility in America it now seems the majority of the American people no longer believe in the American Dream. According to a Bloomberg Poll the “land of opportunity” meme, long established irrespective of evidence, has finally been smothered by the realities of plutocracy.
|By: fairleft Sunday December 8, 2013 4:00 pm|
I first read about this on wsws.org and thought it might be Trotskyist exaggeration, but alas, President Obama really has told his flunkies that not extending jobless benefits is ‘okay’, which would make millions of workers destitute shortly after Christmas:
|By: DSWright Monday November 18, 2013 12:48 pm|
It was the best of times, it was the worst of times. As poverty and unemployment numbers are revised upwards and the nation’s income gap widens, DC is having boom times as the Dow crosses 16,000. Truly a tale of two economies with a 9.9 out of 10 chance that you aren’t in the one that is having a great time.
|By: BrandonJ Monday October 7, 2013 7:15 pm|
I support the 1 percent.
It is time in the United States they become a part of our “radical revolution of values.”
I am talking of course of the bottom 1 percent of Americans who live on less than $2 a day.
|By: BrandonJ Saturday August 24, 2013 11:46 am|
Today, thousands from across the country (and perhaps the globe) will venture in Washington D.C. on the 50th anniversary of Martin Luther King´s ¨March on Washington¨ that had 250,000 people in attendance. One might ask themselves, if they are unaware of the significance of this event, why marching still matters. It is indeed a question that is relevant and should be discussed.
|By: ThirdandState Wednesday July 24, 2013 6:15 pm|
Jennifer Stefano, the Pennsylvania director of Americans for Prosperity, published an op-ed in the Harrisburg Patriot-News Friday — the latest salvo in an organized right-wing assault on nutrition assistance and other safety net spending.
|By: spocko Saturday June 29, 2013 8:00 pm|
I do wish the uber rich would go back to wearing those stylish top hats and carrying their money in bags with $ signs on them.