TODAY'S HOLOCAUST

This car is a Maybach costing $1 million. Rush Limbaugh, who has 5 homes in Palm Beach, owns six Maybachs. (richest 400 people)



According to a study by the firm Deloitte, the rich elite in the USA now have $38.6 trillion.



In addition, they have an estimated $6.3 trillion hidden in offshore accounts.



So, the top 0.1% of the US population have $46 trillion in wealth.



(Analysis of Financial Terrorism in America.)





Photo by spencerscomet



David DeGraw has written "Who Really Rules: America's Hidden Oligarchs Revealed"



According to McGraw:



1. Deloitte reckons that the rich elite will have over $100 trillion within the next ten years.



2. The richest 1% of the US population have more wealth than 90% of the population combined.



3. According to an investment manager (an analysis):



"Most of the serious economic damage the US is struggling with today was done by the top 0.1% and they benefited greatly from it….



"For example, in Q1 of 2011, America’s top corporations reported 31% profit growth and a 31% reduction in taxes, the latter due to profit outsourcing to low tax rate countries….



"The year 2010 was a record year for compensation on Wall Street, while corporate CEO compensation rose by over 30%.…



"In 2010 a dozen major companies, including GE, Verizon, Boeing, Wells Fargo, and Fed Ex paid US tax rates between -0.7% and -9.2%.



"Production, employment, profits, and taxes have all been outsourced….





"A highly complex and largely discrete set of laws and exemptions from laws has been put in place by those in the uppermost reaches of the US financial system.



"It allows them to protect and increase their wealth and significantly affect the US political and legislative processes...



"The American dream of striking it rich is merely a well-marketed fantasy that keeps the bottom 99.5% hoping for better and prevents social and political instability.



"The odds of getting into that top 0.5% are very slim and the door is kept firmly shut by those within it."



4. Here are some of the rich elite:



Former Goldman Sachs CEO and Bush Treasury Secretary Hank Paulson.



Current Goldman Sachs CEO Lloyd Blankfein.



Goldman’s President Gary Cohn.



Citigroup CEO Vikram Pandit.



JP Morgan Chase CEO Jamie Dimon.



H. Edward Hanway, former chief executive of Cigna (Health Insurance)



Ron Williams of Aetna Inc. (Health Insurance)



There are also the bosses of the companies involved with oil and war.



5. In 1995, the richest 400 Americans paid 30% of their income in taxes.



In 2011, they now pay only 18%.



1,470 Americans earned over $1 million in 2009 and didn’t pay any taxes.



6. Che Guevara said:



"The amount of poverty and suffering required for the emergence of a Rockefeller, and the amount of depravity that the accumulation of a fortune of such magnitude entails, are left out of the picture, and it is not always possible to make the people in general see this."



We have a Neo-Feudal-Fascist state.



The global economic top one-tenth of one percent, are genocidal fascists carrying out a holocaust.



Fascism has evolved.



There is no need to get blood on your hands while rounding up people and putting them into concentration camps when you can do it through economic policy while sitting in a jacuzzi on a corporate jet, or in a three-piece custom-made Armani, completely detached and insulated from the world in which you plunder.



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GOOD NEWS ON USA'S ECONOMY

The problems of the economy in the USA, and elsewhere, are easy to solve.

Think of France facing bankruptcy in 1789.

The problems of France in 1789 would have been solved if the rich had paid their fair share of taxes.

In 1789 France was the largest, wealthiest, and most powerful state in Western Europe.

Today, the top 600,000 people in the world control 85% of the world’s wealth.

Between 2002 and 2007, 65% of all income growth in the United States went to the top 1% of the population.

The rich can afford to pay more tax, and still go shopping in the malls.

Of course, France would not have got into a mess in 1789 if it had avoided stupid foreign wars.

There is a lack of demand for products, because the rich have grabbed most of the wealth.

http://retank.blogspot.com/ alerted us to the fact that: Well-To-Do Americans Are Getting More Benefits Than The Poor

1. Poor Americans get Federal welfare checks, food stamps, and unemployment benefits.

The cost of these is LESS than the $1-trillion in tax breaks awarded annually to middle- and upper-class Americans.

2. Professor Suzanne Mettler, in The Washington Monthly, points out that tax break for the rich add to the deficit.

She writes that "the most expensive of these subsidies shower their largest benefits on the most affluent Americans...

"Beneath the surface of American government lurks a system of social programs for the wealthy that is consuming the federal budget."

3. Tax breaks represented 7.4% of GDP in 2008, up from 4.2% in 1976.

Social Security amounted to 4.3% of GDP in 2008; Medicare and Medicaid, 4.1%.

4. Vested interests profit from the tax break policies.

These vested interests include the real estate, health care industries and the nonprofit foundations.

Real estate sector giving to political campaigns rose from $43 million in 1992 to $138 million in 2008.

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aangirfan: THE GLOBAL ELITE AND THE SUPPRESSION OF DISSENT