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“Wealth Effect” = Widening Wealth Inequality

Authored by Charles Hugh Smith via OfTwoMinds blog, Note that widening wealth and income inequality is a non-partisan trend. One of the core goals of the Federal Reserve's monetary policies of the past 9 years is to generate the "wealth effect": by pushing the valuations of stocks and bonds higher, American households will feel wealthier, […]


A Radical Critique Of Universal Basic Income

Authored by Charles Hugh Smith via OfTwoMinds blog, This critique reveals the unintended consequences of UBI. Readers have been asking me what I thought of Universal Basic Income (UBI) as the solution to the systemic problem of jobs being replaced by automation. To answer this question, I realized I had to start by taking a […]


The ‘Pecking Order’ In A World Of Hollow Freedoms

Authored by Ben Hunt via Epsilon Theory blog, "If we can agree that trickle down is just a ruse invented to trick the gullible, we should also agree that any and all QE is robbery in plain daylight." Out of all the animals we keep on our “farm”, chickens are the only ones that bring […]


Northern Ireland – Where The Women Out-Earn The Men

The gender pay gap is an issue all around the world and the UK is certainly no exception. As Statista's Martin Armstrong notes, the difference between men and women's earnings is currently largest in London, where a full-time male employee gets an average of 14.6 percent more per hour than his female counterpart. To some degree or other, the […]


Mauldin: A Generational Reset Redistributing Wealth To The Bottom 60% Is Near

Authored by John Mauldin via MauldinEconomics.com, Billionaire founder of top hedge fund Bridgewater Associates Ray Dalio got where he is by having keen insight into both human nature and economic trends. Occasionally, he shares some of his wisdom publicly. In one of his recent articles, Dalio argues that it is a serious mistake to think […]


Millions Upon Millions of Americans Have “Negative” Wealth

Millions Upon Millions of Americans Have “Negative” Wealth Posted with permission and written by Rory Hall, The Daily Coin     While 3 Americans possess more wealth than 50% of the combined poorest, we now learn that 20% of ALL Americans have zero or negative wealth. I presume by having “negative wealth” they have lived […]


Why Credit Suisse Thinks Millennials Are The “Unluckiest” Generation

As part of the annual Credit Suisse Global Wealth Report, which as discussed earlier found that for the first time ever, the “Top 1%” owns a majority, or 50.1%, of the world’s wealth… … the millionaire bankers behind the firm’s (Ultra) High Net Worth client division decided to also shed some tears for the world’s […]


Mauldin: The Distribution Of Pain

Authored by John Mauldin via MauldinEconomics.com, When you write about economics, you learn very quickly that the economy doesn’t care what you say about it. The forces that drive it are beyond any one person’s comprehension, much less control. But at the same time, the economy doesn’t work like a law of nature. Unlike gravity, […]


For The First Time Ever, The Richest 1% Own More Than Half Of The World’s Wealth, Or $140 Trillion

Today Credit Suisse released its latest annual global wealth report, which traditionally lays out what has become the single biggest reason for the recent "anti-establishment" revulsion: an unprecedented concentration of wealth among a handful of people, as shown in Swiss bank's infamous global wealth pyramid, an arrangement which as observed by the "shocking" political backlash […]


For The First Time Ever, The Richest 1% Own More Than Half Of The World’s Wealth

Today Credit Suisse released its latest annual global wealth report, which traditionally lays out what has become the single biggest reason for the recent "anti-establishment" revulsion: an unprecedented concentration of wealth among a handful of people, as shown in Swiss bank's infamous global wealth pyramid, an arrangement which as observed by the "shocking" political backlash […]


George Soros To Congress: “Please Don’t Cut My Taxes”

After transferring over the bulk of his personal wealth to his “Open Society” Foundation – the umbrella organization for a network of dozens of political groups that push Soros’s far-left agenda across the US and Europe, Soros is still comfortable enough to justify giving away even more of his money – this time to the […]


How The American Dream Turned Into Greed & Inequality

Authored by Alberto Gallo via WEForum.org, The American Dream is broken. Paul Ryan, speaker of the House of Representatives, recently stated that "in our country, the condition of your birth does not determine the outcome of your life." Yet the idea that every American has an equal opportunity to move up in life is false. […]


The Tax Cut Scam

Authored by Sven Henrich via NorthmanTrader.com, I can’t help shake this sinking feeling: This tax cut package that is being peddled by the current administration is a scam. Why? Because the entire narrative is dishonest and predicated on false, make belief premises. Rich guys giving themselves tax cuts telling you it'll trickle down & economic […]


How Central Banks Widen Wealth And Income Gaps

Authored by Hal Snarr via The Mises Institute, The Federal Reserve’s latest Survey of Consumer Finances, according to Federal Reserve Governor Brainard, shows that the share of income held by the top 1 percent of households has risen from 17 percent in 1988 to 24 percent in 2015, and that the wealth held by that […]


Three Americans Now Own More Wealth Than Bottom Half of US Combined: Report

Authored by Jake Johnson via TheAntiMedia.org, “The elite ranks of our billionaire class continue to pull apart from the rest of us,” a new Institute for Policy study analysis finds. In the United States, the 400 richest individuals now own more wealth than the bottom 64 percent of the population and the three richest own […]