Christ almighty…

(Source: -teesa-, via figurativezombie)

@2 weeks ago with 232343 notes
#poverty #wealth #healthcare #politics 

(Source: aflcio, via cognitivedissonance)

@1 month ago with 1030 notes
#walmart #wealth #capitalism 
paxmachina:

Enjoy your evening.

A segment of the wealth of a few dozen people would provide the resources to abolish poverty globally.

paxmachina:

Enjoy your evening.

A segment of the wealth of a few dozen people would provide the resources to abolish poverty globally.

(Source: facebook.com, via other-stuff)

@3 months ago with 1539 notes
#wealth #poverty #economics 

partytilfajr:

A truly poor society is one that solely equates wealth with success. 

(via myheadisweak)

@7 months ago with 379 notes
#wealth #economics 

Some 95% of 2009-2012 Income Gains Went to Wealthiest 1% 

(Source: azspot)

@10 months ago with 33 notes
#wealth #inequality #economics 

"Of the world’s 100 largest economies, half are corporations. Walmart is bigger than Greece; Philip Morris is larger than Chile; Chrysler and Nestle are about the same size as Pakistan and Hungary, respectively. The six largest corporations in the world have revenues greater than the 30 countries containing half of the world’s population."

Karen Brodkin, global capitalism: what’s race got to do with it? (via some-velvet-morning)

(via qsalms)

@1 year ago with 3778 notes
#wealth #corporations #economics #inequality 

Ten Numbers the Rich Would Like Fudged | Alternet 

questionall:

1. Only THREE PERCENT of the very rich are entrepreneurs.

According to both Marketwatch and economist Edward Wolff, over 90 percent of the assets owned by millionaires are held in a combination of low-risk investments (bonds and cash), personal business accounts, the stock market, and real estate. Only 3.6 percent of taxpayers in the top .1% were classified as entrepreneurs based on 2004 tax returns. A 2009 Kauffman Foundation study found that the great majority of entrepreneurs come from middle-class backgrounds, with less than 1 percent of all entrepreneurs coming from very rich or very poor backgrounds.

2. Only FOUR OUT OF 150 countries have more wealth inequality than us.

In a world listing compiled by a reputable research team (which nevertheless prompted double-checking), the U.S. has greater wealth inequality than every measured country in the world except for Namibia, Zimbabwe, Denmark, and Switzerland.

3. An amount equal to ONE-HALF the GDP is held untaxed overseas by rich Americans.

The Tax Justice Network estimated that between $21 and $32 trillion is hidden offshore, untaxed. With Americans making up 40% of the world’s Ultra High Net Worth Individuals, that’s $8 to $12 trillion in U.S. money stashed in far-off hiding places.

Based on a historical stock market return of 6%, up to $750 billion of income is lost to the U.S. every year, resulting in a tax loss of about $260 billion.

4. Corporations stopped paying HALF OF THEIR TAXES after the recession.

After paying an average of 22.5% from 1987 to 2008, corporations have paid an annual rate of 10% since. This represents a sudden $250 billion annual loss in taxes.

U.S. corporations have shown a pattern of tax reluctance for more than 50 years, despite building their businesses with American research and infrastructure. They’ve passed the responsibility on to their workers. For every dollar of workers’ payroll tax paid in the 1950s, corporations paid three dollars. Now it’s 22 cents.

5. Just TEN Americans made a total of FIFTY BILLION DOLLARS in one year.

That’s enough to pay the salaries of over a million nurses or teachers or emergency responders.

That’s enough, according to 2008 estimates by the Food and Agriculture Organization and the UN’s World Food Program, to feed the 870 million people in the world who are lacking sufficient food.

For the free-market advocates who say “they’ve earned it”: Point #1 above makes it clear how the wealthy make their money.

6. Tax deductions for the rich could pay off 100 PERCENT of the deficit.

Another stat that required a double-check. Based on research by the Tax Policy Center, tax deferrals and deductions and other forms of tax expenditures (tax subsidies from special deductions, exemptions, exclusions, credits, capital gains, and loopholes), which largely benefit the rich, are worth about 7.4% of the GDP, or about $1.1 trillion.

Other sources have estimated that about two-thirds of the annual $850 billion in tax expenditures goes to the top quintile of taxpayers.

7. The average single black or Hispanic woman has about $100 IN NET WORTH.

The Insight Center for Community Economic Development reported that median wealth for black and Hispanic women is a little over $100. That’s much less than one percent of the median wealth for single white women ($41,500).

Other studies confirm the racially-charged economic inequality in our country. For every dollar of NON-HOME wealth owned by white families, people of color have only one cent.

8. Elderly and disabled food stamp recipients get $4.30 A DAY FOR FOOD.

Temporary Assistance for Needy Families (TANF) has dropped significantly over the past 15 years, serving only about a quarter of the families in poverty, and paying less than $400 per month for a family of three for housing and other necessities. Ninety percent of the available benefits go to the elderly, the disabled, or working households.

Food stamp recipients get $4.30 a day.

9. Young adults have lost TWO-THIRDS OF THEIR NET WORTH since 1984.

21- to 35-year-olds: Your median net worth has dropped 68% since 1984. It’s now less than $4,000.

That $4,000 has to pay for student loans that average $27,200. Or, if you’re still in school, for $12,700 in credit card debt.

With an unemployment rate for 16- to 24-year-olds of almost 50%, two out of every five recent college graduates are living with their parents. But your favorite company may be hiring. Apple, which makes a profit of $420,000 per employee, can pay you about $12 per hour.

10. The American public paid about FOUR TRILLION DOLLARS to bail out the banks.

That’s about the same amount of money made by America’s richest 10% in one year. But we all paid for the bailout. And because of it, we lost the opportunity for jobs, mortgage relief, and educational funding.

Bonus for the super-rich: A QUADRILLION DOLLARS in securities trading nets ZERO sales tax revenue for the U.S.

The world derivatives market is estimated to be worth over a quadrillion dollars (a thousand trillion). At least $200 trillion of that is in the United States. In 2011 the Chicago Mercantile Exchange reported a trading volume of over $1 quadrillion on 3.4 billion annual contracts.

A quadrillion dollars. A sales tax of ONE-TENTH OF A PENNY on a quadrillion dollars could pay off the deficit. But the total sales tax was ZERO.

It’s not surprising that the very rich would like to fudge the numbers, as they have the nation.

(via resmc)

@1 year ago with 5630 notes
#wealth #inequality #economics 
mapsontheweb:

Cartogram of the World’s Billionaires , Forbes

This illustrates how perverse the notions of unavoidable poverty and austerity are.

mapsontheweb:

Cartogram of the World’s Billionaires , Forbes

This illustrates how perverse the notions of unavoidable poverty and austerity are.

(Source: mapsontheweb, via thenationmagazine)

@1 year ago with 82 notes
#wealth #economics #inequality 

(Source: teamsternation, via other-stuff)

@1 month ago with 2496 notes
#wealth #inequality #economics 
quickhits:

mattbors:

Nitpicking Piketty

What’s the cartoonist equivalent of dropping the mic? Whatever is, I imagine Bors did it when he finished these panels.

Dropping the pen?

quickhits:

mattbors:

Nitpicking Piketty

What’s the cartoonist equivalent of dropping the mic? Whatever is, I imagine Bors did it when he finished these panels.

Dropping the pen?

(via cognitivedissonance)

@1 month ago with 220 notes
#thomas piketty #wealth #capitalism #inequality 
theatlantic:

The World’s 85 Richest People Are As Wealthy as the Poorest 3 Billion

The report that everybody’s talking about this morning is Oxfam’s opus on global inequality, which leads with an eye-popping statistic: The richest 85 people own more wealth than the bottom half of the world’s population.
Yes, that equation works out to: 85 > 3,000,000,000.
Before we dig into the document, a programming note about wealth inequality. Wealth isn’t income. Salary is income. But investments—stocks, houses, or equity in a business—build wealth. Wealth comes from the money you don’t immediately spend. Since poor people spend more of their income immediately, and rich people save/invest more of their income immediately, it’s predictable that wealth inequality be much worse than income inequality.
Read more. [Image: Reuters]

theatlantic:

The World’s 85 Richest People Are As Wealthy as the Poorest 3 Billion

The report that everybody’s talking about this morning is Oxfam’s opus on global inequality, which leads with an eye-popping statistic: The richest 85 people own more wealth than the bottom half of the world’s population.

Yes, that equation works out to: 85 > 3,000,000,000.

Before we dig into the document, a programming note about wealth inequality. Wealth isn’t income. Salary is income. But investments—stocks, houses, or equity in a business—build wealth. Wealth comes from the money you don’t immediately spend. Since poor people spend more of their income immediately, and rich people save/invest more of their income immediately, it’s predictable that wealth inequality be much worse than income inequality.

Read more. [Image: Reuters]

@6 months ago with 1091 notes
#wealth #inequality 
azspot:


Truthout
@8 months ago with 238 notes
#mcdonalds #corporations #wealth #poverty 

pragtastic:

platonic-cuddles:

catbountry:

Muffy is the GOP.

I’m such a richist

hang muffy.

Check your privilege, richists.

/r/RichRightsActivism

(Source: outofcontextarthur, via fyeahsocialism)

@11 months ago with 232203 notes
#wealth 
azspot:


Tom Toles
@1 year ago with 37 notes
#wealth 

The CEO of Walmart makes $16,826 an hour. 

stfuconservatives:

thisisjamesj:

Employees make around $13,650 a year.

But remember: we can’t pay employees any more because it would hurt business. But we can’t pay the CEO any less because then they won’t work hard enough, and it would hurt business.

(Source: seamusiteverwas, via other-stuff)

@1 year ago with 2354 notes
#walmart #corporations #wealth #inequality 
2 weeks ago
#poverty #wealth #healthcare #politics 
1 month ago
#wealth #inequality #economics 
1 month ago
#walmart #wealth #capitalism 
quickhits:

mattbors:

Nitpicking Piketty

What’s the cartoonist equivalent of dropping the mic? Whatever is, I imagine Bors did it when he finished these panels.

Dropping the pen?
1 month ago
#thomas piketty #wealth #capitalism #inequality 
paxmachina:

Enjoy your evening.

A segment of the wealth of a few dozen people would provide the resources to abolish poverty globally.
3 months ago
#wealth #poverty #economics 
theatlantic:

The World’s 85 Richest People Are As Wealthy as the Poorest 3 Billion

The report that everybody’s talking about this morning is Oxfam’s opus on global inequality, which leads with an eye-popping statistic: The richest 85 people own more wealth than the bottom half of the world’s population.
Yes, that equation works out to: 85 > 3,000,000,000.
Before we dig into the document, a programming note about wealth inequality. Wealth isn’t income. Salary is income. But investments—stocks, houses, or equity in a business—build wealth. Wealth comes from the money you don’t immediately spend. Since poor people spend more of their income immediately, and rich people save/invest more of their income immediately, it’s predictable that wealth inequality be much worse than income inequality.
Read more. [Image: Reuters]
6 months ago
#wealth #inequality 

partytilfajr:

A truly poor society is one that solely equates wealth with success. 

(via myheadisweak)

7 months ago
#wealth #economics 
azspot:


Truthout
8 months ago
#mcdonalds #corporations #wealth #poverty 
Some 95% of 2009-2012 Income Gains Went to Wealthiest 1%→

(Source: azspot)

10 months ago
#wealth #inequality #economics 
11 months ago
#wealth 
"Of the world’s 100 largest economies, half are corporations. Walmart is bigger than Greece; Philip Morris is larger than Chile; Chrysler and Nestle are about the same size as Pakistan and Hungary, respectively. The six largest corporations in the world have revenues greater than the 30 countries containing half of the world’s population."
Karen Brodkin, global capitalism: what’s race got to do with it? (via some-velvet-morning)

(via qsalms)

1 year ago
#wealth #corporations #economics #inequality 
azspot:


Tom Toles
1 year ago
#wealth 
Ten Numbers the Rich Would Like Fudged | Alternet→

questionall:

1. Only THREE PERCENT of the very rich are entrepreneurs.

According to both Marketwatch and economist Edward Wolff, over 90 percent of the assets owned by millionaires are held in a combination of low-risk investments (bonds and cash), personal business accounts, the stock market, and real estate. Only 3.6 percent of taxpayers in the top .1% were classified as entrepreneurs based on 2004 tax returns. A 2009 Kauffman Foundation study found that the great majority of entrepreneurs come from middle-class backgrounds, with less than 1 percent of all entrepreneurs coming from very rich or very poor backgrounds.

2. Only FOUR OUT OF 150 countries have more wealth inequality than us.

In a world listing compiled by a reputable research team (which nevertheless prompted double-checking), the U.S. has greater wealth inequality than every measured country in the world except for Namibia, Zimbabwe, Denmark, and Switzerland.

3. An amount equal to ONE-HALF the GDP is held untaxed overseas by rich Americans.

The Tax Justice Network estimated that between $21 and $32 trillion is hidden offshore, untaxed. With Americans making up 40% of the world’s Ultra High Net Worth Individuals, that’s $8 to $12 trillion in U.S. money stashed in far-off hiding places.

Based on a historical stock market return of 6%, up to $750 billion of income is lost to the U.S. every year, resulting in a tax loss of about $260 billion.

4. Corporations stopped paying HALF OF THEIR TAXES after the recession.

After paying an average of 22.5% from 1987 to 2008, corporations have paid an annual rate of 10% since. This represents a sudden $250 billion annual loss in taxes.

U.S. corporations have shown a pattern of tax reluctance for more than 50 years, despite building their businesses with American research and infrastructure. They’ve passed the responsibility on to their workers. For every dollar of workers’ payroll tax paid in the 1950s, corporations paid three dollars. Now it’s 22 cents.

5. Just TEN Americans made a total of FIFTY BILLION DOLLARS in one year.

That’s enough to pay the salaries of over a million nurses or teachers or emergency responders.

That’s enough, according to 2008 estimates by the Food and Agriculture Organization and the UN’s World Food Program, to feed the 870 million people in the world who are lacking sufficient food.

For the free-market advocates who say “they’ve earned it”: Point #1 above makes it clear how the wealthy make their money.

6. Tax deductions for the rich could pay off 100 PERCENT of the deficit.

Another stat that required a double-check. Based on research by the Tax Policy Center, tax deferrals and deductions and other forms of tax expenditures (tax subsidies from special deductions, exemptions, exclusions, credits, capital gains, and loopholes), which largely benefit the rich, are worth about 7.4% of the GDP, or about $1.1 trillion.

Other sources have estimated that about two-thirds of the annual $850 billion in tax expenditures goes to the top quintile of taxpayers.

7. The average single black or Hispanic woman has about $100 IN NET WORTH.

The Insight Center for Community Economic Development reported that median wealth for black and Hispanic women is a little over $100. That’s much less than one percent of the median wealth for single white women ($41,500).

Other studies confirm the racially-charged economic inequality in our country. For every dollar of NON-HOME wealth owned by white families, people of color have only one cent.

8. Elderly and disabled food stamp recipients get $4.30 A DAY FOR FOOD.

Temporary Assistance for Needy Families (TANF) has dropped significantly over the past 15 years, serving only about a quarter of the families in poverty, and paying less than $400 per month for a family of three for housing and other necessities. Ninety percent of the available benefits go to the elderly, the disabled, or working households.

Food stamp recipients get $4.30 a day.

9. Young adults have lost TWO-THIRDS OF THEIR NET WORTH since 1984.

21- to 35-year-olds: Your median net worth has dropped 68% since 1984. It’s now less than $4,000.

That $4,000 has to pay for student loans that average $27,200. Or, if you’re still in school, for $12,700 in credit card debt.

With an unemployment rate for 16- to 24-year-olds of almost 50%, two out of every five recent college graduates are living with their parents. But your favorite company may be hiring. Apple, which makes a profit of $420,000 per employee, can pay you about $12 per hour.

10. The American public paid about FOUR TRILLION DOLLARS to bail out the banks.

That’s about the same amount of money made by America’s richest 10% in one year. But we all paid for the bailout. And because of it, we lost the opportunity for jobs, mortgage relief, and educational funding.

Bonus for the super-rich: A QUADRILLION DOLLARS in securities trading nets ZERO sales tax revenue for the U.S.

The world derivatives market is estimated to be worth over a quadrillion dollars (a thousand trillion). At least $200 trillion of that is in the United States. In 2011 the Chicago Mercantile Exchange reported a trading volume of over $1 quadrillion on 3.4 billion annual contracts.

A quadrillion dollars. A sales tax of ONE-TENTH OF A PENNY on a quadrillion dollars could pay off the deficit. But the total sales tax was ZERO.

It’s not surprising that the very rich would like to fudge the numbers, as they have the nation.

(via resmc)

1 year ago
#wealth #inequality #economics 
The CEO of Walmart makes $16,826 an hour.→

stfuconservatives:

thisisjamesj:

Employees make around $13,650 a year.

But remember: we can’t pay employees any more because it would hurt business. But we can’t pay the CEO any less because then they won’t work hard enough, and it would hurt business.

(Source: seamusiteverwas, via other-stuff)

1 year ago
#walmart #corporations #wealth #inequality 
mapsontheweb:

Cartogram of the World’s Billionaires , Forbes

This illustrates how perverse the notions of unavoidable poverty and austerity are.
1 year ago
#wealth #economics #inequality