Is Wealth disparity too great... in the US (and elsewhere)?

[GuyFox]

Is Wealth disparity too great... in the US - or your country, if different?

Economist Michael Hudson: Situation worse than Piketty* describes

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"Vastly understates how unequal things have become."
"Rich people don't earn income, they earn capital gains... taxed lightly, or not at all"
"Money is really made through ... crime... Behind every great fortune is... theft."
"Great fortunes are made through privatizing resources."

Interview: "We need to get beyond income inequality and look at wealth inequality."

"Certain types of wealth formation are predatory."

===
*Thomas Piketty, CAPITAL in the 21st Century

Income shifts, over the decades:
http://noapparentmotive.org/blog/wp-content/uploads/2013/09/gordon-piketty-saez-389x400.png

Wealth shift to the wealthiest 1%, may be even greater

[Lifebringer]

They've been pillaging for over 40 years and the slice they take is larger and larger as they spend on causing the wars that keep us in a rotating ball of greed and murder. We've got to stop it. When you give them all the wealth, even God can't be heard by them.
They think they are Gods.
Anybody see "Overboard w/Goldie Hawn and Kirk Russel? The guy engaged to Goldie, was named Grant and as he put it when he wanted to ram a boat, "I'm a God at sea." They depicted the response when they can't have their way, and although it was funny in the movie, it's totally unfunny in real life.

[GuyFox]

MORE CHARTS

Income share
http://upload.wikimedia.org/wikipedia/commons/thumb/d/d7/2008_Top1percentUSA.png/300px-2008_Top1percentUSA.png

Pyramid - No. at each wealth bracket
http://upload.wikimedia.org/wikipedia/commons/9/9b/Number_of_High_Net_Worth_Individuals,_2011_v4.jpg

Another Pyramid - who is at the even higher "eye"?
https://d28wbuch0jlv7v.cloudfront.net/images/infografik/normal/ChartOfTheDay_1657_32_Million_People_Control_41_percent_of_the_Worlds_Wealth_n.jpg

The Official List:
http://www.alternet.org/files/styles/story_image/public/story_images/photo_1331182251611-1-0.jpg

(The genuine list would be far more interesting to see.)

[Carmody]

The wealth disparity is higher than it was during the middle ages of Europe, where the poor lived in dirt and filth.

Worse than any other time of human civilization.

Worse than ancient Egypt.

Worse than Sumerian times.

Worse than the heights of The Indian subcontinent.

Worse than the heights of the Chinese dynasties.

Worse than the heights of Rome, Or England, or Russia, or France......whatever.

That is what 'right now' is like.

Worst. Ever.

If that is not an explosive situation, I don't know what is.

[Violet]

That's odd isn't it. You'd think thinks look better than they did in the Middle Ages, at least from the outside.

[Carmody]

By the way, I'm really not interested in data mining on this forum. I never respond to it.

Too much information. People can do things with that information, so I never give such direct data.

Neither should anyone else.

Big hint: You want to move forward, you want to 'win'? Then......stay slippery.

[GuyFox]

Another place where Inequality reigns !

Politicking: Matt Taibbi on America's 'Injustice System'
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[GuyFox]

How Picketty's book has shaken things up

What the 1% Don't Want You to Know

/ Moyers interviews Krugman

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Piketty in his own words - Interview

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His solutions are:

+ A Wealth Tax: "a progressive tax on Net Worth", with lower income taxes on 75%

+ Global registry of wealth, and especially financial wealth