Oxfam is concerned that, left unchecked, the effects are potentially immutable, and will lead to ‘opportunity capture’ – in which the lowest tax rates, the best education, and the best healthcare are claimed by the children of the rich. This creates dynamic and mutually reinforcing cycles of advantage that are transmitted across generations.
Given the scale of rising wealth concentrations, opportunity capture and unequal political representation are a serious and worrying trend. For instance:
• Almost half of the world’s wealth is now owned by just one percent of the population.
• The wealth of the one percent richest people in the world amounts to $110 trillion. That’s 65 times the total wealth of the bottom half of the world’s population.
• The bottom half of the world’s population owns the same as the richest 85 people in the world.
• Seven out of ten people live in countries where economic inequality has increased in the last 30 years.
• The richest one percent increased their share of income in 24 out of 26 countries for which we have data between 1980 and 2012.
• In the US, the wealthiest one percent captured 95 percent of post-financial crisis growth since 2009, while the bottom 90 percent became poorer.
Quote by Raine:
Scoop. Great post today! Thanks for writing it!![]()
Quote by wickedpam:
Guess you joined the fancy new phone club!
Quote by Raine:you got a new phone?Quote by wickedpam:
Guess you joined the fancy new phone club!
Quote by wickedpam:Quote by Raine:you got a new phone?Quote by wickedpam:
Guess you joined the fancy new phone club!
I got a Samsung Galaxy S4 - Got it from Best buy for a $1- granted I had to signed a 2YR contract but I would have had to do that anyway.
Quote by Will in Chicago:
Scoopster, thanks for a great blog. It is well written and very insightful and addresses many of my concerns about the growing GLOBAL wealth inequality problem. (However, you might want to go back and edit your links as they are not working.)
We recently had a venture capitalist Thomas Perkins compare the push by progressives to tax the rich more to the persecutions of Jews in Germany during Kristallnacht, which foreshadowed the Holocaust. Here is a link to Perkins' letter in the Rupert Murdoch-owned Wall Street Journal. It is a fascinating look at the arrogance of the one percent.
As a Jew, I am deeply offended and angered by Mister Perkins' remarks. As someone who knows a woman who survived the death camps to begin a new life in America and as someoneWe
Progressives are not calling for violence or persecution, merely that the rich pay a more fair share of taxes. In the U.S., I believe that we should repeal the Reagan tax cuts, as Reaganomics has proven to only enrich a few at the expense of society. However, I think that Paul Krugman is right in that many in the ultra-rich suffer from the Paranoia of the Plutocrats.
There is now great evidence that we need to change our economic policies, nationally and globally, to create a more sustainable, equitable world. I hope that the thinking of Mr. Perkins and his ilk will be consigned to the same ash heap of history as this fellow.
Quote by Raine:That;'s awesome!Quote by wickedpam:Quote by Raine:you got a new phone?Quote by wickedpam:
Guess you joined the fancy new phone club!
I got a Samsung Galaxy S4 - Got it from Best buy for a $1- granted I had to signed a 2YR contract but I would have had to do that anyway.
I'm loving my S3 -- can't wait to see yours!
Tim’s Weather World: Polar vortex visits again
This winter has been especially brutal with both bitter cold and frequent snowfall. We have seen at least one tenth of an inch of snow or more 27 of the past 50 days! That means that nearly every other day we have seen measurable snow since early December. Over four feet of snow has fallen this winter (48.2″). 33.1″ of that fell in January alone. We have nearly seen an average snowfall for an entire winter (36.7″) in the month of January.
When it isn’t snowing it is bitterly cold. This winter (as of yesterday) is the 13th coldest on record. By Wednesday we will have seen subzero temperatures occur on 16 days so far this winter. That nearly doubles the average number of days in Chicago at or below zero. On average we record temperatures that cold 7 days each winter.
Quote by Will in Chicago:
Mala, you asked how bad it is here a few days ago. We are seeing temperatures plummet and may reach -18 to -21 with wind chills as low as -45 by next morning. As for snow, I do have some figures. Note that the official Chicago measuring site for snow is O'Hare International Airport. Certain areas, like Northwest Indiana will likely have more snow than the official Chicago total. (Griffith, IN got 20 inches of snow from the last storm. From the WGN Weather blog:Tim’s Weather World: Polar vortex visits again
This winter has been especially brutal with both bitter cold and frequent snowfall. We have seen at least one tenth of an inch of snow or more 27 of the past 50 days! That means that nearly every other day we have seen measurable snow since early December. Over four feet of snow has fallen this winter (48.2″). 33.1″ of that fell in January alone. We have nearly seen an average snowfall for an entire winter (36.7″) in the month of January.
When it isn’t snowing it is bitterly cold. This winter (as of yesterday) is the 13th coldest on record. By Wednesday we will have seen subzero temperatures occur on 16 days so far this winter. That nearly doubles the average number of days in Chicago at or below zero. On average we record temperatures that cold 7 days each winter.
Quote by wickedpam:Quote by Raine:That;'s awesome!Quote by wickedpam:Quote by Raine:you got a new phone?Quote by wickedpam:
Guess you joined the fancy new phone club!
I got a Samsung Galaxy S4 - Got it from Best buy for a $1- granted I had to signed a 2YR contract but I would have had to do that anyway.
I'm loving my S3 -- can't wait to see yours!
Its a huge step up from my last phone with was 4 years old - held out as long as I could but the thing was so slow and the screen was so small that night I left it in the car gave me the perfect excuse to finally get a new one.
It was you and Mondo that convinced me I should go the Samsung route![]()
Now I have to figure it out. Only thing that sucks is I had to give up my unlimited data to go to 2G shared. Thank God mom never uses her phone.
Quote by Mondobubba:Quote by Will in Chicago:
Scoopster, thanks for a great blog. It is well written and very insightful and addresses many of my concerns about the growing GLOBAL wealth inequality problem. (However, you might want to go back and edit your links as they are not working.)
We recently had a venture capitalist Thomas Perkins compare the push by progressives to tax the rich more to the persecutions of Jews in Germany during Kristallnacht, which foreshadowed the Holocaust. Here is a link to Perkins' letter in the Rupert Murdoch-owned Wall Street Journal. It is a fascinating look at the arrogance of the one percent.
As a Jew, I am deeply offended and angered by Mister Perkins' remarks. As someone who knows a woman who survived the death camps to begin a new life in America and as someoneWe
Progressives are not calling for violence or persecution, merely that the rich pay a more fair share of taxes. In the U.S., I believe that we should repeal the Reagan tax cuts, as Reaganomics has proven to only enrich a few at the expense of society. However, I think that Paul Krugman is right in that many in the ultra-rich suffer from the Paranoia of the Plutocrats.
There is now great evidence that we need to change our economic policies, nationally and globally, to create a more sustainable, equitable world. I hope that the thinking of Mr. Perkins and his ilk will be consigned to the same ash heap of history as this fellow.
As a humanist I find that offensive as well, Will.
Quote by Raine:
oh, and get a protective case.![]()
Quote by Raine:
oh, and get a protective case.![]()
Quote by Mondobubba:Quote by Raine:
oh, and get a protective case.![]()
Mos def. Let your nerd flag fly with the case!
Quote by Raine:Quote by Mondobubba:Quote by Raine:
oh, and get a protective case.![]()
Mos def. Let your nerd flag fly with the case!
Quote by Raine:Quote by Mondobubba:Quote by Raine:
oh, and get a protective case.![]()
Mos def. Let your nerd flag fly with the case!
Quote by wickedpam:Quote by Raine:Quote by Mondobubba:Quote by Raine:
oh, and get a protective case.![]()
Mos def. Let your nerd flag fly with the case!
I was thinking something a bit more pretty or geeky![]()
Quote by Raine:Quote by wickedpam:Quote by Raine:Quote by Mondobubba:Quote by Raine:
oh, and get a protective case.![]()
Mos def. Let your nerd flag fly with the case!
I was thinking something a bit more pretty or geeky![]()
hey it was Mondo who suggested Mos Def!
Choices choices...![]()
Quote by Mondobubba:Quote by Raine:Quote by wickedpam:Quote by Raine:Quote by Mondobubba:Quote by Raine:
oh, and get a protective case.![]()
Mos def. Let your nerd flag fly with the case!
I was thinking something a bit more pretty or geeky![]()
hey it was Mondo who suggested Mos Def!
Choices choices...![]()
I said "Mos def," not "Mos Def." The latter refers to Mr. Def, the former is a slang term for "most definitely."
Quote by Raine:Humor, it's clearly what is NOT for breakfast.Quote by Mondobubba:Quote by Raine:Quote by wickedpam:Quote by Raine:Quote by Mondobubba:Quote by Raine:
oh, and get a protective case.![]()
Mos def. Let your nerd flag fly with the case!
I was thinking something a bit more pretty or geeky![]()
hey it was Mondo who suggested Mos Def!
Choices choices...![]()
I said "Mos def," not "Mos Def." The latter refers to Mr. Def, the former is a slang term for "most definitely."![]()
Quote by Mondobubba:
Anywho, Mala. I was thinking something like this. Shiny!
Quote by wickedpam:Quote by Mondobubba:
Anywho, Mala. I was thinking something like this. Shiny!
oohh, those like fun and definitely shiny!
Quote by wickedpam:Quote by Mondobubba:
Anywho, Mala. I was thinking something like this. Shiny!
oohh, those like fun and definitely shiny!
Quote by Scoopster:Quote by wickedpam:Quote by Mondobubba:
Anywho, Mala. I was thinking something like this. Shiny!
oohh, those like fun and definitely shiny!
You know I just have to ask.. how does a Captain Spaulding case get into that mix?!![]()
Quote by Raine:Quote by wickedpam:Quote by Mondobubba:
Anywho, Mala. I was thinking something like this. Shiny!
oohh, those like fun and definitely shiny!
Quote by livingonli:
Good morning, folks. We're actually supposed to get rain today on the only day this week where the temps are above freezing since it will be freezing in the teens again tomorrow.
Former Republican Sen. John W. Warner on Monday endorsed his Democratic successor over a past national GOP chairman in the race for the U.S. Senate seat he held for 30 years.
Warner told The Associated Press in a telephone interview that he is supporting Sen. Mark Warner, who is being challenged by Ed Gillespie in November’s election. The Warners are not related.
John Warner, a moderate, earned a reputation as a party maverick by bucking the conservatives who gradually won control of the GOP during his decades in office. He refused to endorse GOP home-schooling advocate Mike Farris for lieutenant governor and backed an independent candidate over Iran-Contra figure Oliver North in the 1994 race against Democratic Sen. Chuck Robb. But this is the first time he has endorsed a Democrat outright.
Quote by Raine:
!!!!!!!!!!!!!!Former Republican Sen. John W. Warner on Monday endorsed his Democratic successor over a past national GOP chairman in the race for the U.S. Senate seat he held for 30 years.
Warner told The Associated Press in a telephone interview that he is supporting Sen. Mark Warner, who is being challenged by Ed Gillespie in November’s election. The Warners are not related.
John Warner, a moderate, earned a reputation as a party maverick by bucking the conservatives who gradually won control of the GOP during his decades in office. He refused to endorse GOP home-schooling advocate Mike Farris for lieutenant governor and backed an independent candidate over Iran-Contra figure Oliver North in the 1994 race against Democratic Sen. Chuck Robb. But this is the first time he has endorsed a Democrat outright.
Quote by Scoopster:
I wonder if Gillespie rubbed him the wrong way when he was running the GOP..
Black would have stood a good chance of capturing the GOP nomination if Republican officials had chosen to select a candidate by convention rather than by primary. Conservatives have dominated Virginia's conventions in recent years, and Black commands substantial support among the conservative grassroots. But many moderate GOP officials worried that Black, like other Republican nominees selected by convention, would prove too unpalatable to win a general election. The open seat Black was vying for had belonged for more than two decades to Rep. Frank Wolf, a moderate Republican.
Each election cycle, local Virginia Republican officials can decide anew whether to nominate candidates in their districts through a primary or through a convention. GOP officials in the 10th district will decide between those two options today. But without Black in the race, the odds favor state Rep. Barbara Comstock, who is well-connected to the Republican establishment. Comstock is best known for operating a secret defense fund for Scooter Libby, Dick Cheney's former chief-of-staff who was convicted in 2007 of leaking information that compromised CIA operative Valeria Plame, and for her feverish stint as an opposition researcher against Hillary Clinton in the 1990s.
Quote by Raine:
Bitcoin CEO arrested at JFK
Quote by Raine:
Hey Mala:
Marital Rape guy dropped out of the race.
This part is interesting, and I suspect the Dems over there can use this info:Black would have stood a good chance of capturing the GOP nomination if Republican officials had chosen to select a candidate by convention rather than by primary. Conservatives have dominated Virginia's conventions in recent years, and Black commands substantial support among the conservative grassroots. But many moderate GOP officials worried that Black, like other Republican nominees selected by convention, would prove too unpalatable to win a general election. The open seat Black was vying for had belonged for more than two decades to Rep. Frank Wolf, a moderate Republican.
Each election cycle, local Virginia Republican officials can decide anew whether to nominate candidates in their districts through a primary or through a convention. GOP officials in the 10th district will decide between those two options today. But without Black in the race, the odds favor state Rep. Barbara Comstock, who is well-connected to the Republican establishment. Comstock is best known for operating a secret defense fund for Scooter Libby, Dick Cheney's former chief-of-staff who was convicted in 2007 of leaking information that compromised CIA operative Valeria Plame, and for her feverish stint as an opposition researcher against Hillary Clinton in the 1990s.