Just 400 Americans own over 50% of America

War Against All Puerto Ricans: Revolution and Terror in America’s Colony

 

Since today is Labor Day, and since Donald Trump is the leading candidate for president, it is appropriate to consider a few key facts about America.

As of 2015, the top 1 percent of Americans own 43 percent of the financial wealth (bank accounts, stocks & bonds, real estate, corporate assets, home equity, precious metals, jewelry, luxury and recreational properties, fine art) while the bottom 80 percent control only 7 percent of the wealth (unemployment checks, food stamps, government cheese).

These numbers are shocking.

Even more shocking, the wealthiest 400 Americans have the same combined wealth as the poorest half of all Americans — over 150 million people.

http://www.politifact.com/wisconsin/statements/2011/mar/10/michael-moore/michael-moore-says-400-americans-have-more-wealth-/

Filmmaker Michael Moore was one of the first to discuss this back in 2011. Today, it is widely-known that the chasm between rich and poor has grown explosively, and the “American Dream” has become a cynical myth…to keep people working longer and harder, for their absentee bosses and landlords.

In Puerto Rico, this division between rich and poor is deeper than anywhere in the US…as deep as the Grand Canyon.

The per capita income in Puerto Rico is $16,400…about half that of Mississippi, the poorest state in the US.

Yet the cost of living in Puerto Rico is 15 to 20 percent higher on the island, than on the mainland.

Over the next 20 years, this will become even worse. Thanks to Act 20 and Act 22, high net worth “investors” from the US such as John Paulson will be paying no dividend, interest or capital gains taxes for the next 20 years – while Puerto Ricans are being taxed to death and fleeing to Florida, in record-setting numbers.

http://www.prnewswire.com/news-releases/paulson–co-acquires-condado-vanderbilt-and-la-concha-hotels-in-san-juan-puerto-rico-249350161.html

http://www.nytimes.com/2015/07/24/business/dealbook/john-paulsons-hedge-fund-to-buy-another-puerto-rico-hotel.html?_r=0

An entire generation of “entrepreneurs” who perfected their financial knavery on Wall Street during the Mortgage Crisis of 2007, are now descending on Puerto Rico: the land of second chances and sweetheart deals.

http://www.mintpressnews.com/rich-investors-flock-to-puerto-rico-as-the-debt-crisis-pushes-to-the-poor-to-the-mainland/208707/

http://www.nytimes.com/2014/09/07/realestate/puerto-rico-luring-buyers-with-tax-breaks.html

The US corporate media are encouraging the entire process. They act as advertisers and real estate brokers, with photo spreads like these:

Cover Story Paulson St Regis BahiaCover story of Paulson’s St. Regis Bahia beach resort in Puerto Rico

And with glossy full-color articles like these:

http://www.forbes.com/pictures/flhm45geee/inside-billionaire-john-paulsons-puerto-rico-real-estate-investments/

These articles mask themselves as “reportage,” but are actually investment offerings and travel brochures.

Even Sotheby’s Auction House is cashing in on Puerto Rico. Just check out this website from Puerto Rico Sotheby’s International Realty.

http://puertoricosothebysrealty.com/eng

For $2.5 million, you can even buy your own private island:

http://puertoricosothebysrealty.com/eng/sales/pr-pri/private-island-type

At the rate this is going, the 400 richest Americans will own 50 percent of America…

And the 50 richest Americans will own all of Puerto Rico.

 

4 Comments on “Just 400 Americans own over 50% of America

  1. Socialism: An economic And cultural model that aims to provide everyone with equal access to basic human rights. Such as Social Security,Medicare, and Medicaid. Vulture 1 a large bird similar to a hawk or eagle:it eats the remains of dead animals 2 a greedy, ruthless person. ( Hedge Funds).

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  2. And of course you want to TAKE away their wealth and DISTRIBUTE it with the “POOR” people . . . What about reducing taxes and regulations for the people to start, AGAIN, building on their own wealth? As a good Socialist you want everyone to be EQUAL ON THE MISERY of the world . . . NO THANK YOU. . . Nothing in life is Free, NOR FAIR. Nor any government can guarantee that to its people.

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