How much of the world's wealth is controlled by billionaires? Most everyone is richer today than they were 20 years ago.
Worlds Billionaires Wealth Swells to 60 Trillion
- Thread starter tay
- Start date
I have no issues as a multimillionaire.
Billions would be a pain in the ass to manage.
Nyet!
Billions would be a pain in the ass to manage.
Nyet!
Not when you take into account inflation and population growth.
https://en.wikipedia.org/wiki/Distribution_of_wealth
The pyramid reveals that:
- half of the world's wealth belongs to the top 1%,
- top 10% of adults hold 85%, while the bottom 90% hold the remaining 15% of the world's total wealth,
- top 30% of adults hold 97% of the total wealth.
Pyramid of global wealth distribution in 2013[6]
If you die of old age and have money in the bank you are too rich. The rich deny themselves of the emotional reward that only comes from helping somebody in need when you don't have to.
This should help ensure they never feel that emotion.
The Senate Voted to Make It Harder to Sue Banks – GOV'T SLAVES
The Senate Voted to Make It Harder to Sue Banks
October 27, 2017 by GOV'T SLAVES / 1 Comment
The U.S. Senate moved Tuesday to overturn a rule aimed at making it easier for customers to sue banks, handing financial firms a big win in their battle against post-crisis regulations.
Majority Republicans pushed through a reversal of Consumer Financial Protection Bureau limits on mandatory arbitration in a 51-50 vote. Vice President Mike Pence was called in to cast the tie-breaking vote. The move using Congress’s power to overturn agency rules follows a similar vote by the House in July.
The CFPB rule announced in July would limit companies’ ability to impose arbitration agreements on customers in financial contracts, making it easier for aggrieved parties to join together in class-action lawsuits. Democrats and other supporters of the rule argued that it would give consumers an important protection against mistreatment by banks.
The Senate vote seals a significant victory for Republicans in their longstanding campaign to rein in the consumer bureau, which they have fought since it was created as an independent agency by the Dodd-Frank Act. The arbitration rule stems from a requirement in the 2010 law that the CFPB study the issue.
Republican President Donald Trump applauded the outcome. “By repealing this rule, Congress is standing up for everyday consumers and community banks and credit unions, instead of the trial lawyers, who would have benefited the most from the CFPB’s uninformed and ineffective policy,” the White House said in a statement.
The Federal Reserve Is A Private Corporation – InvestmentWatch
This should help ensure they never feel that emotion.
The Senate Voted to Make It Harder to Sue Banks – GOV'T SLAVES
The Senate Voted to Make It Harder to Sue Banks
October 27, 2017 by GOV'T SLAVES / 1 Comment
The U.S. Senate moved Tuesday to overturn a rule aimed at making it easier for customers to sue banks, handing financial firms a big win in their battle against post-crisis regulations.
Majority Republicans pushed through a reversal of Consumer Financial Protection Bureau limits on mandatory arbitration in a 51-50 vote. Vice President Mike Pence was called in to cast the tie-breaking vote. The move using Congress’s power to overturn agency rules follows a similar vote by the House in July.
The CFPB rule announced in July would limit companies’ ability to impose arbitration agreements on customers in financial contracts, making it easier for aggrieved parties to join together in class-action lawsuits. Democrats and other supporters of the rule argued that it would give consumers an important protection against mistreatment by banks.
The Senate vote seals a significant victory for Republicans in their longstanding campaign to rein in the consumer bureau, which they have fought since it was created as an independent agency by the Dodd-Frank Act. The arbitration rule stems from a requirement in the 2010 law that the CFPB study the issue.
Republican President Donald Trump applauded the outcome. “By repealing this rule, Congress is standing up for everyday consumers and community banks and credit unions, instead of the trial lawyers, who would have benefited the most from the CFPB’s uninformed and ineffective policy,” the White House said in a statement.
The Federal Reserve Is A Private Corporation – InvestmentWatch
How Sociopathic Capitalism Came to Rule the World
A world of ruthless competitors guided by nothing more than blind ambition for profit is hardly a pleasant place.
www.theatlantic.com/business/archive/2016/11/sociopathic-capitalism/506240/?utm_source=atlfb
A world of ruthless competitors guided by nothing more than blind ambition for profit is hardly a pleasant place.
www.theatlantic.com/business/archive/2016/11/sociopathic-capitalism/506240/?utm_source=atlfb
only as hard as a camel passing through the eye of a needle.
so in other words - impossible
