Occupy Wall Street Public date: 10.08.2017 19:47:16

Publisher: Baltimore Sun

Author:

27 May 2014

A government for the rich

Adjusted for inflation, a million dollars isn't what it was a century or even a decade ago. So sure, at some point the Congress was bound to have a majority of millionaires. Yet, in a country where the 2012 median household income was $51,017 - and fell between 2011 and 2012 - there is something truly perverse about not only the rising inequality between the incomes and wealth of the masses and the elites who govern them, but the rising political inequality that follows.
Adjusted for inflation, a million dollars isn't what it was a century or even a decade ago. So sure, at some point the...

Publisher: Huffington Post

Author:

23 Jul 2012

Super Rich Have $32 Trillion Offshore

Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280 billion in lost income tax revenues, according to research published Sunday by the Tax Justice Network. The research estimates that since the 1970s, the richest citizens of 139 countries amassed $7.3 to $9.3 trillion of "unrecorded offshore wealth" by 2010.
Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens,...

Publisher: NYTimes

Author:

2 May 2012

Romney’s Former Bain Partner Makes a Case for Inequality

I recently met Edward Conard on 57th Street and Madison Avenue, just outside his office at Bain Capital, the private-equity firm he helped build into a multibillion-dollar business by buying, fixing up and selling off companies at a profit. Unlike his former colleagues, Conard wants to have an open conversation about wealth. He has spent the last four years writing a book that he hopes will forever change the way we view the superrich's role in our society. "Unintended Consequences: Why Everything You've Been Told About the Economy Is Wrong," to be published in hardcover next month by Portfolio, aggressively argues that the enormous and growing income inequality in the United States is not a sign that the system is rigged. On the contrary, Conard writes, it is a sign that our economy is working. And if we had a little more of it, then everyone, particularly the 99 percent, would be better off. This could be the most hated book of the year.
I recently met Edward Conard on 57th Street and Madison Avenue, just outside his office at Bain Capital, the...

Publisher: Boing Boing

Author:

1 May 2012

Stephen King calls on politicians to tax him and other rich people

At the risk of repeating myself, here s what rich folks do when they get richer: they invest. A lot of those investments are overseas, thanks to the anti-American business policies of the last four administrations. Don t think so? Check the tag on that T-shirt or gimme cap you re wearing.
At the risk of repeating myself, here s what rich folks do when they get richer: they invest. A lot of those investments...

Publisher: ezkool.com

Author:

12 Mar 2012

Another Billionaire Warns of the Dangers of Capitalism

His name is Jeremy Grantham, a British investor who manages a hedge fund worth more than $100 billion, and he had this to say; It gets worse, for what capitalism has always had is money with which to try to buy influence. Today s version of U.S. capitalism has died and gone to heaven on this issue. A company is now free to spend money to influence political outcomes and need tell no one, least of all its own shareholders, the technical owners.
His name is Jeremy Grantham, a British investor who manages a hedge fund worth more than $100 billion, and he had this...
18 Jan 2012

The one percent war=2

The gap between the one percent and the 0.1 percent could have serious political consequences. Even in the United States, there are just 412 billionaires, and 134,888 taxpayers fall in the 0.1 percent. The 1 percent is bigger, containing 749,375 taxpayers. With an annual income of $486,395, the 1 percent is also not that far away from the 7.5 million taxpayers who occupy the wider 10 percent and earn an average $128,560. These people at the bottom of the top income distribution are financially essential to the country and politically vital to those at the very top. If the super-elite loses their loyalty, it could become very isolated indeed.
The gap between the one percent and the 0.1 percent could have serious political consequences. Even in the United...
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Publisher: sfgate.com

Author:

24 Dec 2011

ERIC SCHMIDT: We Don’t Talk About Occupy Wall Street In The Valley Because We Don’t Have Those Problems

Google chairman Eric Schmidt says that people in Silicon Valley don't talk about the concerns of the 99% because a lot of them are immune to those concerns. He told Brad Stone at BusinessWeek, "Occupy Wall Street isn't really something that comes up in daily discussion, because their issues are not our daily reality."
Google chairman Eric Schmidt says that people in Silicon Valley don't talk about the concerns of the 99% because a lot...
23 Dec 2011

A Christmas Message From America’s Rich

It seems America s bankers are tired of all the abuse. They ve decided to speak out. True, they re doing it from behind the ropeline, in front of friendly crowds at industry conferences and country clubs, meaning they don t have to look the rest of America in the eye when they call us all imbeciles and complain that they shouldn t have to apologize for being so successful.
It seems America s bankers are tired of all the abuse. They ve decided to speak out. True, they re doing it from behind...

Publisher: Commondreams

Author:

23 Dec 2011

Bankers Join Billionaires to Debunk “Imbecile’ Attack on Top 1%”

Dimon, 55, whose 2010 compensation was $23 million, joined billionaires including hedge-fund manager John Paulson and Home Depot Inc. co-founder Bernard Marcus in using speeches, open letters and television appearances to defend themselves and the richest 1 percent of the population targeted by Occupy Wall Street demonstrators. If successful businesspeople don't go public to share their stories and talk about their troubles, "they deserve what they're going to get," said Marcus, 82, a founding member of Job Creators Alliance, a Dallas-based nonprofit that develops talking points and op-ed pieces aimed at "shaping the national agenda," according to the group's website. He said he isn't worried that speaking out might make him a target of protesters.
Dimon, 55, whose 2010 compensation was $23 million, joined billionaires including hedge-fund manager John Paulson and...

Publisher: ibew

Author:

23 Dec 2011

Telecom company raises CEO pay while denying workers fair wages

Flush times are back for Hawaiian Telcom, the state's largest telecommunications company. So much so that Chief Executive Eric Yeaman increased his annual pay by more by 400 percent, to $6.72 million, late last year. But big profits at the top have not stopped the company from taking a page out of the Verizon playbook, trying to squeeze its employees for more and more givebacks. And on Nov. 10, Hawaiian Telcom workers said 'enough is enough,' staging a two-day walkout to protest Yeaman's demands for substantial cutbacks to health and retirement benefits
Flush times are back for Hawaiian Telcom, the state's largest telecommunications company. So much so that Chief...

Publisher: ezkool.com

Author:

5 Dec 2011

Billionaire Says Rich People Are Not “Job Creators”

He is a billionaire. He is responsible for starting, or contributing to getting many corporations off the ground. If anyone knows about job creation and who creates them, it s him. His name is Nick Hanauer, and it is his belief that tax cuts to the rich does not create jobs. And I agree with him 1000%!
He is a billionaire. He is responsible for starting, or contributing to getting many corporations off the ground. If...
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Publisher: Bloomberg

Author:

2 Dec 2011

Raise Taxes on Rich to Reward True Job Creators

It is a tenet of American economic beliefs, and an article of faith for Republicans that is seldom contested by Democrats: If taxes are raised on the rich, job creation will stop. Trouble is, sometimes the things that we know to be true are dead wrong. For the larger part of human history, for example, people were sure that the sun circles the Earth and that we are at the center of the universe. It doesn't, and we aren't. The conventional wisdom that the rich and businesses are our nation's "job creators" is every bit as false.
It is a tenet of American economic beliefs, and an article of faith for Republicans that is seldom contested by...

Publisher: cnn

Author:

1 Dec 2011

Who are the One Percent?

Our vote on the 1% has been vigorous since it started last week, with thousands of people rating nominees representing Wall Street, dirty energy, war profiteering, and more. We re going to make videos exposing the ones our audience thinks are doing the most to exploit the 99% - and so far, the most unpopular of the bunch are media mogul Rupert Murdoch and the democracy-crushing Koch Brothers.
Our vote on the 1% has been vigorous since it started last week, with thousands of people rating nominees representing...

Publisher: FoxNews

Author:

20 Nov 2011

Half of Congress Enjoys Millionaire Status, Study Shows

A new study shows about half the lawmakers in Congress are millionaires, and that their net worth has risen steadily since 2008 despite the financial crash. The analysis by the Center for Responsive Politics found that 250 members of Congress have an estimated net worth of at least $1 million. Though some members of Congress have tried to cozy up to the Occupy Wall Street protests and their message of representing 99 percent of America, assets of more than $1 million would easily put those lawmakers in the top 1 percent.
A new study shows about half the lawmakers in Congress are millionaires, and that their net worth has risen steadily...

Publisher: Reuters

Author:

19 Nov 2011

The Wall Street disconnect

John Paulson, the hedge-fund trader who famously made billions betting on the collapse of the housing market, was threatened by the demonstrators with a march on his Upper East Side home in New York last month. Paulson responded by putting out a press release that described his $28 billion, 120-person fund as an exemplar of the American Dream: "Instead of vilifying our most successful businesses, we should be supporting them and encouraging them to remain in New York City."
John Paulson, the hedge-fund trader who famously made billions betting on the collapse of the housing market, was...

Publisher: huffingtonpost.com

Author:

18 Nov 2011

Patriotic Millionaires To Grover Norquist: ‘Move To Somalia’

Patriotic Millionaires for Fiscal Strength, millionaires who want the government to tax them more, met with foremost anti-tax guru Grover Norquist in Washington late Wednesday afternoon. Not surprisingly, they couldn't find common ground -- and ended up debating the state of Somalia. Patriotic Millionaires, a group of 200-plus people making more than $1 million per year (including actress Edie Falco and economist Nouriel Roubini, among others), believe that America has been good to them and that it is their duty to give back.
Patriotic Millionaires for Fiscal Strength, millionaires who want the government to tax them more, met with foremost...

Publisher: Ipsos.com

Author:

10 Nov 2011

High Earners’ Attitudes to Pay

High earners feel that they are closer to the 'squeezed middle' than the 'super rich', says new research from Ipsos MORI for the High Pay Commission. This qualitative study investigated the views of some in the top 1% of UK earners, through an online focus group and five in-depth interviews which took place in June 2011.
High earners feel that they are closer to the 'squeezed middle' than the 'super rich', says new research from Ipsos MORI...

Publisher: huffingtonpost.com

Author:

3 Nov 2011

Over Third Of Millionaires Agree ‘Occupy’ Protesters Make ‘Good And Valid’ Point

A new poll indicates that a sizable minority of American millionaires support the Occupy Wall Street protests. According to the Spectrem Group, 35 percent of surveyed American millionaires -- those with investments of $1 million or more -- agree with the statement "protesters are making a good and valid point."
A new poll indicates that a sizable minority of American millionaires support the Occupy Wall Street protests. According...

Publisher: latimes.com

Author:

2 Nov 2011

Occupy Wall Street; 99%; 1%; taxes

Reporting from Washington While members of the so-called 99% take part in Occupy Wall Street protests, a new website lets some of the wealthy 1% declare their support for the movement. The site, called "We are the 1 percent. We stand with the 99 percent," lets people post photos pronouncing their solidarity with the Occupy protesters in New York, Los Angeles and elsewhere.
Reporting from Washington While members of the so-called 99% take part in Occupy Wall Street protests, a new website...

Publisher: Roll Call News

Author:

1 Nov 2011

And Congress’ Rich Get Richer

Members of Congress had a collective net worth of more than $2 billion in 2010, a nearly 25 percent increase over the 2008 total, according to a Roll Call analysis of Members' financial disclosure forms.
Members of Congress had a collective net worth of more than $2 billion in 2010, a nearly 25 percent increase over the...

Publisher: whoarethe1percent.com

Author:

1 Nov 2011

Who Are The 1% Vote on it now.

Who's using their wealth to exploit the 99%? You tell us. Start voting by rating any of the nominees below on a scale of "ho-hum" to "pure evil." Then you ll be taken through the list of nominees, person by person, to rate each one. Our job will be to make a series of videos exposing the ones you rate as the worst. So go ahead. Take your democracy back.
Who's using their wealth to exploit the 99%? You tell us. Start voting by rating any of the nominees below on a scale of...

Publisher: Celebrity New Worth

Author:

28 Oct 2011

The 10 Richest Celebrities Supporting Occupy Wall Street

Occupy Wall Street s slogan "We are the 99%" is derived from the idea that they represent the difference in wealth that separates the top 1% and every other American citizen. The top 1% of Americans is defined as anyone who has an annual household income greater than $593,000. So why are multi-millionaire celebrities showing up to offer their support and grab attention?
Occupy Wall Street s slogan "We are the 99%" is derived from the idea that they represent the difference in wealth that...

Publisher: The Economist

Author:

26 Oct 2011

Who Exactly IS The 1%?

There's considerable confusion circulating over who is in the top 1% in the United States, with a constant barrage of numbers that seem to shift depending on source, agenda, and timing. These are often used as derails, and it s easy to derail with arguments about how to define the top 1% in the United States, because there are a number of different ways to look at it, all of which are valid.
There's considerable confusion circulating over who is in the top 1% in the United States, with a constant barrage of...

Publisher: msnbc.com

Author:

21 Oct 2011

‘Occupy’ protesters find allies in ranks of the wealthy

United under the banner "We are the 1 percent: We stand with the 99 percent," a band of entrepreneurs, trust fund babies, professionals and inheritors has taken to the web to share their abhorrence of corporate greed and support for tax code changes that would see them pay a higher share of their considerable wealth.
United under the banner "We are the 1 percent: We stand with the 99 percent," a band of entrepreneurs, trust fund...
14 Oct 2011

Financiers for Occupying Wall Street

In the mid-2000s, the thinking about finance evolved to believing it was a standalone phase in capitalist progression. Society - in particular the U.K. and U.S. - bought into the notion that the path of development was agriculture to industry to services to finance. And that explains a lot in terms of people's mindset. The name of the industry went from "the financial services" industry to "the finance industry." It lost sight of the fact that it services the real economy. You cannot simply exchange paper.
In the mid-2000s, the thinking about finance evolved to believing it was a standalone phase in capitalist progression....

Publisher: Reuters

Author:

13 Oct 2011

On George Soros, Occupy Wall Street, and Reuters

Wouldn t it be ironic if Occupy Wall Street the soi-disant 99% were being secretly funded by billionaire Davos Man George Soros, exemplar of the 1%? Well, no, it wouldn t, actually. As Noreen Malone points out, lots of the 1% have, like Soros, expressed sympathy with OWS, including Bill Clinton, Ben Bernanke, and at least one member of the Buffett family. And when you re sympathetic to a cause, and have lots of money, often you donate money to that cause.
Wouldn t it be ironic if Occupy Wall Street the soi-disant 99% were being secretly funded by billionaire Davos Man...

Publisher: Reuters

Author:

13 Oct 2011

Who’s behind the Wall St. protests

Anti-Wall Street protesters say the rich are getting richer while average Americans suffer, but the group that started it all may have benefited indirectly from the largesse of one of the world's richest men.
Anti-Wall Street protesters say the rich are getting richer while average Americans suffer, but the group that started...

Publisher: Mother Jones

Author:

10 Oct 2011

Charts: Who Are the 1 Percent

Occupy Wall Street has focused national attention on the vast majority of Americans who have been left behind by the economic growth of the past few decades. But if OWS is the voice of the 99 percent, who exactly are the 1 percent?
Occupy Wall Street has focused national attention on the vast majority of Americans who have been left behind by the...

Publisher: The Washington Post

Author:

5 Oct 2011

For some of the rich, budget and tax battles bring worries – of paying too little

The millionaires group was founded last year, to press for the end of a George W. Bush-era tax cut for people making more than $1 million a year. Made up of both Democrats and Republicans, the group includes only about 200 millionaires, in a country where an estimated 3.1 million people have wealth greater than $1 million.
The millionaires group was founded last year, to press for the end of a George W. Bush-era tax cut for people making...
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5 Oct 2011

Patriotic Millionaires For Fiscal Strength

In November, 2010 more than 100 of the country s most financially successful citizens came together to urge the President to let the Bush era tax cuts expire for people making more than $1 million a year. An outpouring of public support encouraged them to continue their fight. Here is some of the press from their efforts.
In November, 2010 more than 100 of the country s most financially successful citizens came together to urge the...

Publisher: Crooks and Liars

Author:

5 Oct 2011

Warren Buffett to Rupert Murdoch: Let’s Both Have Our Tax Returns Published!

Warren Buffett has answered the Wall Street Journal's snarky remarks about his tax returns. Today in an interview with Fortune Magazine editor Carol Loomis, he challenged Rupert Murdoch to release his tax returns to the press.
Warren Buffett has answered the Wall Street Journal's snarky remarks about his tax returns. Today in an interview with...

Publisher: bloomberg.com

Author:

1 Oct 2011

Some 3,000 Millionaires Claim Jobless Benefits, IRS Data Show

After the economy slipped into recession in 2008, millions of Americans received unemployment benefits to make ends meet -- including almost 3,000 millionaires. According to U.S. Internal Revenue Service data, 2,840 households reporting at least $1 million in income on their tax returns that year also collected a total of $18.6 million in jobless aid.
After the economy slipped into recession in 2008, millions of Americans received unemployment benefits to make ends meet...

Publisher: ezkool

Author:

20 Sep 2011

Mark Cuban Agrees – Millionaires Should Pay Their Fair Share

Billionaire Mark Cuban, owner of the Dallas Mavericks, tells ABC Radio that he agrees with President Obama s position of taxing the rich. Don t tell the Republicans who have decided that rich people should never pay the same rate poorer Americans pay.
Billionaire Mark Cuban, owner of the Dallas Mavericks, tells ABC Radio that he agrees with President Obama s position of...
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Publisher: Forbes

Author:

10 Mar 2011

The World’s Billionaires

This year's list broke records in size (1,210 billionaires) and total net worth ($4.5 trillion). China doubled its number of 10-figure fortunes, and Moscow now has more billionaires than any other city. Mexico's Carlos Slim widened his lead at No.
This year's list broke records in size (1,210 billionaires) and total net worth ($4.5 trillion). China doubled its...
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