Yes in this time of economic downturns and austerity measures ,we will all be glad to know that the rich are doing better than ever. There are more BILLIONAIRES than ever and they are RICHER than they have ever been! So no AUSTERITY MEASURES for the rich. So we just need to wait for the trickle down effect and we will ALL be richer!!! Shame that theory is just a load of bollocks!!
THE RICH GET RICHER
Number Of Billionaires Soars Despite Downturn
The number of billionaires in the UK has increased to 32, with the Duke of Westminster Gerald Cavendish Grosvenor again named the country’s richest man
Despite the property slump, the 59-year-old landowner increased his worth to $13bn – but still only managed 57th on the Forbes global rich list.
Despite the global economic downturn, the Forbes 25th list of the richest people on the planet saw the number of billionaires increase by 214 to a record 1,210.
The world’s richest man was Mexican Telecoms tycoon Carlos Slim Helu, who topped the list for a second year and increased his wealth by $20.5bn to $74bn.
Microsoft boss Bill Gates was second with $56bn and investor Warren Buffett was third with $50bn dollars.
Also on the list are the six Facebook billionaires, including founders Mark Zuckerberg and Eduardo Saverin, as well as the world’s youngest billionaire, Dustin Moskovitz, who is just 26.
The other three Facebook rich are Sean Parker, Peter Thiel and Russian investor Yuri Milner.
Property tycoons David and Simon Reuben were second on the UK rich list with $8bn, followed by high street mogul Sir Philip Green with $7.2bn.
Virgin boss Sir Richard Branson, landowner Charles Cadogan and Formula 1 boss Bernie Ecclestone were next, each with a fortune of $4.2bn.
And other UK billionaires included Harry Potter author JK Rowling who is worth $1bn and has been on the list for a number of years.
The richest UK resident was Indian steel magnate Lakshmi Mittal, who was sixth richest in the world, with a $31.1bn fortune.
THE POOR GET THE PICTURE
Global poverty doubled since 1970s: UN
GENEVA — The number of very poor countries has doubled in the last 30 to 40 years, while the number of people living in extreme poverty has also grown two-fold, a UN think-tank warned Thursday.
In its annual report on the 49 least developed countries (LDCs) in the world, the UN Conference on Trade and Development (UNCTAD) said that the model of development that has prevailed to date for these countries has failed and should be re-assessed.
“The traditional models that have been applied to LDCs that tend to move the LDCs in the direction of trade-related growth seem not to have done very well,” said Supachai Panitchpakdi, secretary general of UNCTAD.
“What happened is that in the past 30-40 years, the number of LDCs have doubled so it has actually deteriorated, the number of people living under the poverty line has doubled from the 1980s.”
The report indicated that the situation has sharply deteriorated in the past few years
IMF and World Bank Create Poverty
The IMF and World Bank were created over 60 years ago to realign the global economic landscape.
Andrew Gavin Marshall from the Centre for Research on Globalization, however, says that the actions of these international economic giants did little to help the third world countries it advertised it would, and instead has only helped make the wealthier countries wealthier
World Bank creating poverty (BBC Newsnight)
BBC NEWS | Greg Palast | World Bank ‘fails poor’ says Stiglitz – FIRST BROADCAST 27 APRIL 2001
IMF and World Bank meet in Washington – Greg Palast reports for BBC Television’s Newsnight.
Three weeks ago James Wolfensohn, President of the World Bank, was supposed to appear on CNN, and he told CNN that if I showed up and they put me on the air he would not appear; he would remove all tapes of his interviews if Greg Palast were allowed on the air. And CNN did the courageous thing and yanked me out of the studio. Now we’re going to find out why.
Joseph Stiglitz(fmr chief economist World Bank)
REPORT: In 12 Years, Income For Richest 400 Americans Quadruples, Tax Rate Nearly Halved
New data released by the IRS reveals that, over a period of 12 years, tax rates for the richest 400 Americans were effectively cut in half. In 1995, the richest 400 Americans paid, on average, 29.93% of their income in federal taxes. In 2007, the last year for which the IRS has released data, the richest 400 Americans paid just 16.63%.
As their tax rates plummeted, the total income of the richest 400 Americans skyrocketed. In 1995, the combined income of the richest 400 was just over $6 billion. By 2007, the combined income of the richest 400 was almost $23 billion
IF WE GOT ALL THE BILLIONAIRE TAX THESE PEOPLE ARE AVOIDING TO PAY WE WOULD NOT NEED AUSTERITY MEASURES. ALSO THEY SHOULD OF LOST THIER VENTURE CAPITAL FORTUNES IN THE FINANCIAL CRASH. ITS ALL TAXPAYERS MONEY THEY “OWN”!!
ANDREW JACKSON was the ONE president that CLEARED AMERICAN DEBT ,when faced with financial ruin How did he manage it?
“The Bank is trying to kill me, but I shall kill it!”
ANDREW JACKSONS VIEW OF THE BANKS….NO BAILOUT.
“You are a nest of vipers and thieves, and by the grace of the almighty God, I will root you out!”
ANDREW JACKSON’S VIEW ON CORPORATIONS
Corporations have neither bodies to kick nor souls to damn.
ANDREW JACKSONS VIEW ON THE BRIGHTEST AND THE BEST
Hemans gallows ought to be the fate of all such ambitious men who would involve their country in civil wars, and all the evils in its train that they might reign & ride on its whirlwinds & direct the Storm– The free people of these United States have spoken, and consigned these wicked demagogues to their proper doom.
NO BAILOUT ,ARREST CRIMINAL BANKERS AND POLITIONS.
THERE IS NO REASON PAST OR PRESENT WHY WE SHOULD BE BAILING OUT UNPROFITABLE BANKERS!!
A LESSON FOR THE BRIGHTEST AND THE BEST. CAPITALISM EXPLAINED its not that difficul;t , so you see we do not need the brightest and the best.
1.Availability of credit allows money to flow between savers and borrowers.
2.Resources and funds are allocated to various projects or investments during a boom phase.
3.Eventually borrowing becomes excessive and leads to malinvestment,
4.At this stage, adherence to free market theory would allow for an efficient cleansing period and a healthy recovery period. How? Irresponsible and unprofitable businesses fail. Bad debts get liquidated. Excess resources go on sale, flow into more stable ventures and pool together with more profitable resources controlled by healthy corporations or entities
FINANCIAL NEWSFLASH WESTERN BANKERS ARE CRAP AND CRIMINAL!!
UK , US ,Dutch and Icelandic banks found to be IRRESPONSIBLE AND UNPROFITABLE!!!!! Therefore they get liquidated and thier assets go on sale. Bankers go for re-education and find a new PRODUCTIVE job . May I suggest street sweepers as bankers seem to be used to handling large amounts of rubbish! No offence meant to the tireless individuals that keep our streets clean!
FINANCIAL SPOKESPERSONS RESPONDS
Financial Spokesperson No.1
“ROOLS?!?! We don’t need no stinkin ROOLS!!!”
Financial Spokesperson No.2
“OK everybody , just give us the money and no-one will get hurt!!!”
THESE ARE THE PEOPLE WE ARE HANDING OVER OUR PENSIONS AND OUR FUTURES TOO!!!!
DIRECT DEMOCRACY TODAY!!!!