Wealth concentration in the US has now reached dramatic levels.
There's probably no clearer demonstration of how and why we're constantly hearing about increasing and massive levels of
wealth concentration in this country.
Take that funding away and the market settles back into something more closely aligned with the underlying reality — the one of high unemployment / underemployment, high oil prices, stagnant middle - and lower - class incomes, unprecedented
wealth concentration in the upper class, demolished savers, under - investment in capital, and an ongoing transition to a low - wage service economy hard - pressed to service debt.
Not exact matches
The New York Times said it «may be the greatest
concentration of American
wealth and power
in one investment fund.»
Catering to this
concentration of
wealth, a slew of luxurious restaurants have opened at the city's over-the-top hotels and resorts
in recent years, many of them with star chef names on the awnings: Joël Robuchon, Mario Batali, Jamie Oliver, and Daniel Boulud have all opened properties
in Singapore.
You might be surprised to know that the business world was strongly
in favor of profit sharing at many points
in American history, typically when the
concentration of
wealth was a major public worry or the country was trying to come together after a crisis.
As with income, these data show a long historical decline
in the
concentration of
wealth from the late 1920s into the late 1970s.
While the SCF is invaluable, it has its limitations, especially for detecting trends
in wealth concentration at the very top.
That is a vast
concentration of earning power and,
in some cases, actual
wealth.
The task of rhetoric is to divert attention from the fact that the financial sector aims not to «free» markets, but to place control
in the hands of financial managers — whose logic is to subject economies to austerity and even depression, sell off public land and enterprises, suffer emigration and reduce living standards
in the face of a sharply increasing
concentration of
wealth at the top of the economic pyramid.
All told, it may be the greatest
concentration of American
wealth and power
in one investment fund.
This report uses custom Statistics Canada data to take a closer look at the
concentration and distribution of
wealth in Canada.
In this unfortunate tipping point, the concentration of wealth in the hands of the few results in economic implosion because the 99 percent can't afford to buy anything the 1 percent has to sel
In this unfortunate tipping point, the
concentration of
wealth in the hands of the few results in economic implosion because the 99 percent can't afford to buy anything the 1 percent has to sel
in the hands of the few results
in economic implosion because the 99 percent can't afford to buy anything the 1 percent has to sel
in economic implosion because the 99 percent can't afford to buy anything the 1 percent has to sell.
The rise of stock prices
in the US stock market could be an indication of economic growth and prosperity, but it could also be an indication of the
concentration of
wealth of the rich and powerful.
Crude demand sure to fall with low industry growth, people getting poorer (as a result of
concentration of
wealth in few hands) and increasing CNG and electric powered cars.
Like New York, there is a strong
concentration high - net - worth individuals
in the major Californian cities and it can be difficult to determine whether the family office you are meeting with is,
in fact, a family office with considerable
wealth ($ 100m +) or simply an advisor to a high - net - worth family (sub - $ 100m).
Hopefully this white paper on California Family Offices has demonstrated the high
concentration of
wealth in California, spread among many major cities including San Francisco, San Diego, Los Angeles, and more metropolitan areas nearby.
Bertolini has raised the minimum hourly wage for Aetna employees to $ 16, offers wellness programs that include meditation and stress reduction and gave as a Christmas gift to his leadership team French economist Thomas Piketty's «Capital
in the 21st Century,» which documents the
concentration of
wealth and income.
The
concentration of
wealth puts control of the not - really - free market
in the hands of a relatively few families.
It is the inevitable social byproduct of the
concentration of
wealth in the hands of a few.
It contributes to the
concentration of
wealth in fewer and fewer hands.
They saw that the
concentration of
wealth, chiefly
in the form of land, tended to increase at the expense of the poor.
The prophets picked up on this ideal, protesting the
concentration of
wealth and power
in a few hands.
Deforestation, war, rampant exploitation of resources, and the serve
concentration of the worlds
wealth in the hands of a few corporations.
As we have noted, the current distributional pattern characterized by gross
concentration of land
in the hands of the few is the basis for the
concentration of both
wealth and political power.
There has been a large increase
in wealth concentration at the top: the share of
wealth owned by the 0.1 % richest families has increased from 7 %
in 1978 to 22 %
in 2012 (Source).
The intent for large inheritance taxes
in countries that have them is to avoid the
concentration of
wealth into a few families.
Is the rising power and capital accumulation of FAMGA (Facebook, Apple, Microsoft, Google, Amazon) together with advances
in block chains and artificial intelligence leading to the
concentration of
wealth in ever fewer hands, obsolescence of manual labour and even the destruction of capitalism, as Karl Marx believed
in the 19th century?
«That's what's underneath it all and, if you read our founders - George Washington, Jefferson - inequality
in wealth and
concentrations of
wealth, that undermines and destroys democracy and that's what this tax bill will do.»
According to her website, Teachout believes
in «economic and political equality» and is against «
concentration of
wealth and control
in the hands of the few.»
At the time I wrote that this
concentration was only possible because prejudice, poverty and locality are so closely linked — especially
in London, where the richest tenth had become 271 times better off by
wealth than the poorest tenth of the population.
There is too big a
concentration of
wealth in a small number of countries.»
«The evils of racism, the evils of poverty, the inexcusable reality that our educational system fails our children, the
concentration of
wealth in the hands of too few, and the experience of deprivation
in the lives of too many,» he said, alluding to the outbursts of racial violence following the deaths of black men at the hands of police
in Ferguson, Mo. and Baltimore.
Because economic power translates into political power, the extreme
concentration of
wealth in the top 1 % undermines democracy.
Non-polar glacial ice holds a
wealth of information about past changes
in climate, the environment and especially atmospheric composition, such as variations
in temperature, atmospheric
concentrations of greenhouse gases and emissions of natural aerosols or human - made pollutants... The glaciers therefore hold the memory of former climates and help to predict future environmental changes.
The recent
concentration of personal
wealth has placed huge amounts of money
in the hands of a small number of agenda - driven individuals.
Inequalities of
wealth and income have risen steadily for three decades, racial segregation continues, class segregation has deepened, and middle and working class families are fracturing
in the face of this economic onslaught, but rather than face these fundamental realities politicians keep pandering to the public and putting forth an endless stream of quick fixes that don't cost any money and don't require real change & mdash as if cosmetic changes
in schools are somehow going to offset decades of disinvestment
in the public sphere and rising
concentrations of poverty.
Our conclusion is that the problem is not merely privatization of our public schools, it is
concentration of
wealth and power
in the hands of a few billionaires.
Sadly, with the
concentration of
wealth in America, many American families now live at or below the poverty line.
In Truman's own Missouri today, Rex Sinquefield epitomizes «the dangers of bigness and of the
concentration of the control of
wealth.»
Harry Truman, Missouri's favorite son, once observed: «Wall Street, with its ability to control all the
wealth of the nation and to hire the best law brains
in the country, has not produced some statesmen, some men who could see the dangers of bigness and of the
concentration of the control of
wealth....
Beauty and
wealth melded
in such
concentration that it would be tasteless were it not for the fact that most of us are jealous of such trappings.
Drawing on his experience as a health psychologist and using a
wealth of cultural, historical and literary references that range from the Buddha, to Nazi
concentration camps, to Dorothy
in the land of Oz, he leads us to examine ourselves.
However, North Americans can still claim the greatest
concentration of
wealth, at US$ 11.4 - trillion, compared with US$ 10.7 - trillion
in the Asia - Pacific.
But the Bay Area and Silicon Valley now make up the second largest
concentration of billionaires
in the world, and the art establishment has for some time been wagering that some of that
wealth would find itself back into the community, drive a new collector base, and counteract the crippling impact of rising costs.
Mega-galleries such as Hauser & Wirth have benefitted disproportionately from the growing
concentration of
wealth in the hands of a small sector of the global elite, giving them the resources to take on many of the functions that were previously the domain of curators, academics, and museums.
Burning polluting and finite resources for heat and transportation has numerous and cascading ill effects, including pollution of the atmosphere,
concentration of
wealth in the most ruthless and least innovative locations, and consumption triggers for all products and activities.
So
in the end, we have the age - old problem of the
concentration of
wealth and therefore power into the hands of a limited elite, which
in this case has morphed into a survival strategy for that elite
in an increasingly uncertain future.
The current regime is plainly comfortable with
concentration of
wealth in SOE's [state - owned enterprises] and their princeling managers but must recognize limits.
Whether or not anthropogenic climate change is exacerbating extreme weather events, vulnerability to extreme weather events will continue to increase owing to increasing population and
concentration of
wealth in vulnerable regions.