STEALING THE UNITED STATES OF AMERICA: GLOBAL GAMBLING CASINO RICO

Goldman Sachs chairman and chief executive officer Lloyd Blankfein. (Credit: AP/Susan Walsh)

>>The Political 1% of the 1% in 2012

&  >>http://www.salon.com/2013/05/29/worlds_richest_8_percent_earns_half_the_planets_income_partner/

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by Lee Drutman 06-24, 2013, Graphics by Amy Cesal and Ben Chartoff

 

In the 2012 election, 28 percent of all disclosed political contributions came from just 31,385 people. In a nation of 313.85 million, these donors represent the 1% of the 1%, an elite class that increasingly serves as the gatekeepers of public office in the United States.

Sunlight Foundation<<CLICK<<

 

 

^^ article originally appeared on AlterNet. ^^ GOLDMAN SACHS, PHOTO Lloyd BlankENfiend

 

The lead research economist at the World Bank, Branko Milanovic, will be reporting soon, in the journal Global Policy, the first calculation of global income-inequality, and he has found that the top 8% of global earners are drawing 50% of all of this planet’s income. He notes: “Global inequality is much greater than inequality within any individual country,” because the stark inequality between countries adds to the inequality within any one of them, and because most people live in extremely poor countries, largely the nations within three thousand miles of the Equator, where it’s already too hot, even without the global warming that scientists say will heat the world much more from now on.

For example, the World Bank’s list of “GDP per capita (current US$)” shows that in 2011 this annual-income figure ranged from $231 in Democratic Republic of Congo at the Equator, to $171,465 in Monaco within Europe. The second-poorest and second-richest countries respectively were $271 in Burundi at the Equator, and $114,232 in Luxembourg within Europe. For comparisons, the U.S. was $48,112, and China was $5,445. Those few examples indicate how widely per-capita income ranges between nations, and how more heat means more poverty.

Wealth-inequality is always far higher than income-inequality, and therefore a reasonable estimate of personal wealth throughout the world would probably be somewhere on the order of the wealthiest 1% of people owning roughly half of all personal assets. These individuals might be considered the current aristocracy, insofar as their economic clout is about equal to that of all of the remaining 99% of the world’s population.

Milanovich says: “Among the global top 1 per cent, we find the richest 12 per cent of Americans, … and between 3 and 6 per cent of the richest Britons, Japanese, Germans and French. It is a ‘club’ that is still overwhelmingly composed of the ‘old rich’,” who pass on to their children (tax-free in the many countries that have no estate-taxes) the fortunes that they have accumulated, and who help set them up in businesses of their own – often after having sent them first to the most prestigious universities (many in the United States), where those children meet and make friends of others who are similarly situated as themselves.

For example, on 22 April 2004, The New York Times headlined “As Wealthy Fill Top Colleges, Concerns Grow Over Fairness,” and reported that 55% of freshman students at the nation’s 250 most selective colleges and universities came from parents in the top 25% of this nation’s income. Only 12% of students had parents in the bottom 25% of income. Even at an elite public, state, college, the University of Michigan, “more members of this year’s freshman class … have parents making at least $200,000 a year [then America's top 2%] than have parents making less than the national median of about $53,000 [America's bottom 50%].’”

Most of the redistribution that favors more than just the top 1% has occurred in the “developing” countries, such as China. However, a larger proportion of the world’s population live in nations of Central and South America, Africa, etc., where today’s leading families tend overwhelmingly to be the same as in the previous generation. They, too, near the Equator, are members of the “club,” but there are fewer of them.

Milanovic finds that globally, “The top 1 per cent has seen its real income rise by more than 60 per cent over those two decades [1988-2008],” while “the poorest 5 per cent” have received incomes which “have remained the same” – the desperately poor are simply remaining desperately poor. Maybe there’s too much heat where they live.

This study, in Global Policy, to be titled “Global Income Inequality in Numbers: In History and Now,” reports that economic developments of the past twenty years have caused “the top 1 per cent to pull ahead of the other rich and to reaffirm in fact – and even more so in public perception – its preponderant role as a winner of globalization.”

A preliminary version of Milanovic’s findings, presented by him at an economic conference, can be seen here. A stunning summary video of Milanovic’s research can be seen here.

Investigative historian Eric Zuesse is the author, most recently, of Christ's Ventriloquists: The Event that Created Christianity. More Eric Zuesse. 

FRANKENSTEIN'S FIENDSTEIN "THE BLOB" [SEE Coughton's THE PAYOFF ... BLOB ALWAYS WINS

[SIDEBAR:  AMERICA HAS BEEN OCCUPIED BY A FACTION OF AGENTS THAT ARE CRIMINAL RICO GLOBAL FOR THE ROTS-CHILD IS-RA HELL'S GHETTO EARTH THAT HAS USED METZITZAH B'PEH TO CAUSE A SERIOUS PROBLEM FOR OUR HUMAN SPECIES TO SOLVE.

AND, MONEY FRAUD.  FINANCIAL PAEDOPHILIA?

THE MOST LUCRATIVE PROFITS ARE LUCIFERIANS AFTER A FASHION,

 

http://unitednationsoffilm.com/paedophilia-and-child-sacrifice/ 

 

updated 22 December 2010 – Papal visit:

 

Pope Benedict and HM The Queen Pope Benedict meet at the Palace of Holyroodhouse in Edinburgh at the beginning of the four-day visit to the United Kingdom. They say a picture says a thousand words, this one has been studied by many and offers many clues as to the true nature of the Papal visit.  Caption:

 

Queen: “I do hope you like my gift of this blonde boy, we know you like that sort of thing”. Pope: “When I have finished with him, you can sacrifice him to Lucifer, I also know what you like too”.

 

WHAT WON'T THE PAEDOPHILIA CULTISTS NOT DO, AFTER ALL NO BOUNDARIES IS WHAT WE KNOW TO BE THE TRUTH.

A RELIGION OF THE CANNIBALISTIC BEHAVIOR, MASS MURDER OUR OWN HUMAN BEINGS, HOMO-SAPIENS SPECIES.  CAN'T GET MORE SICK.

SELLING DEBT AND WATCHING PEOPLE DIE OF THIS SUPERSTITION, WHAT A DEGENERATE FORM OF THOUGHT.

WHAT IS THE VOTING CHARADE?  FUN TO SEE MASSES OF HUMANS PARADING AROUND THE SPIRALING DEVOLUTION OF TRUST AND THEN SLAMMED INTO THE REALITY THERE IS NO SUCH HONOR?!

NOT REALLY A 1% OF HIGHER INTELLIGENT, THOSE-THEY-THEM THE IT THAT DOES FRAUD AND CALLS THE ACT GOD' WORK.]