Post by caliconnection on Jan 18, 2016 13:04:25 GMT -5
Amazing stat:
www.cbc.ca/news/world/richest-62-people-own-same-as-half-worlds-population-oxfam-davos-1.3408049
Some highlights:
"About $7.6 trillion US of individuals' wealth sits in offshore tax havens, and if tax were paid on the income that this wealth generates, an extra $190 billion US would be available to governments every year"
"As much as 30 per cent of all African financial wealth is held offshore, costing about $14 billion US in lost tax revenues every year, This is enough money to pay for healthcare that could save 4 million children's lives a year, and employ enough teachers to get every African child into school"
"Brazil, which makes payments to more than 13.3 million poor families on condition they enrol children in school and take part in health programmes."
And certainly more than an element of truth to some of this:
Most people do not understand Mathematics and how interest really works. Due to compound interest, all wealth eventually ends up in the pockets of the top 1% over a long period of time. The majority keeps getting poorer and must work harder & longer to make ends meet. The only way to make this mathematical certainty less obvious (so people do not notice they are being robbed) is to create/print more money. But money will lose its value (inflation) if the real economy does not grow proportionally. Hence, politicians compete on who grows the economy faster. If the bubble stops getting ever bigger, (economic growth) it will suddenly burst (deflation=recession) and middle class will vanish.
Economy is forcibly grown by increasing the population (immigration) and/or by producing and building more stuff which destroys the environment. Businesses and all levels of government pay interest on their debts. Businesses must sell their products & services for higher prices to factor in interest payments. Governments must levy higher taxes to service their ever increasing debts. Cost of living is so high because there are multiple layers of interest payments embedded in taxes and prices of all goods & services.
Under the current system, interest is paid by those who work for money to those whose money works for them. Ever since Interest has become legal, (yes it used to be illegal and most religions were against it) the environment has been destroyed and people are living in virtual slavery. The money masters control this system through big banks and own all the politicians. Interest is the root cause of the perpetual wealth transfer from the majority to the 1%. The gap between rich and poor will keep growing if interest remains legal.
www.cbc.ca/news/world/richest-62-people-own-same-as-half-worlds-population-oxfam-davos-1.3408049
Some highlights:
"About $7.6 trillion US of individuals' wealth sits in offshore tax havens, and if tax were paid on the income that this wealth generates, an extra $190 billion US would be available to governments every year"
"As much as 30 per cent of all African financial wealth is held offshore, costing about $14 billion US in lost tax revenues every year, This is enough money to pay for healthcare that could save 4 million children's lives a year, and employ enough teachers to get every African child into school"
"Brazil, which makes payments to more than 13.3 million poor families on condition they enrol children in school and take part in health programmes."
And certainly more than an element of truth to some of this:
Most people do not understand Mathematics and how interest really works. Due to compound interest, all wealth eventually ends up in the pockets of the top 1% over a long period of time. The majority keeps getting poorer and must work harder & longer to make ends meet. The only way to make this mathematical certainty less obvious (so people do not notice they are being robbed) is to create/print more money. But money will lose its value (inflation) if the real economy does not grow proportionally. Hence, politicians compete on who grows the economy faster. If the bubble stops getting ever bigger, (economic growth) it will suddenly burst (deflation=recession) and middle class will vanish.
Economy is forcibly grown by increasing the population (immigration) and/or by producing and building more stuff which destroys the environment. Businesses and all levels of government pay interest on their debts. Businesses must sell their products & services for higher prices to factor in interest payments. Governments must levy higher taxes to service their ever increasing debts. Cost of living is so high because there are multiple layers of interest payments embedded in taxes and prices of all goods & services.
Under the current system, interest is paid by those who work for money to those whose money works for them. Ever since Interest has become legal, (yes it used to be illegal and most religions were against it) the environment has been destroyed and people are living in virtual slavery. The money masters control this system through big banks and own all the politicians. Interest is the root cause of the perpetual wealth transfer from the majority to the 1%. The gap between rich and poor will keep growing if interest remains legal.