Where Is All the Money Going?
“The system is rigged against regular people”: Big money has completely warped American democracy
Corporations have a stranglehold on both parties. Here's how it happened -- and how we take our government back; Read more; How Big Money Corrupts Our Democracy
Few are as qualified to tackle the massive topic of money in politics as Wendell Potter and Nick Penniman. Their new book, Nation on the Take: How Big Money Corrupts Our Democracy (read an excerpt), is a comprehensive and important examination of the many ways our lives are affected by the stranglehold corporations have on our government and society. And it’s a look at how we can fight back.
“Far from trickling down, income and wealth are instead being sucked upwards at an alarming rate,” a new Oxfam study finds.
Collectively, this ultra-wealthy group controls $1.76 trillion, which is about the cumulative worth of the poorer half of the world’s population, or around 3.5 billion people.
And since 2010, wealth has become more and more concentrated in favor of the richest of the rich while those on the lower rungs of the economic ladder have seen their positions worsen, according to a new report from Oxfam International.
The wealth of the richest 62 people grew by more than half a trillion dollars in that last half-decade, while the wealth of the poorest 50 percent of people globally decreased by more than $1 trillion during the same period
The wealth of the richest 62 people grew by more than half a trillion dollars in that last half-decade, while the wealth of the poorest 50 percent of people globally decreased by more than $1 trillion during the same period
No comments:
Post a Comment