The Phaserl


Wealth Destruction for the 99.9 Percent

from BATR:

Blaming the 1% for diminished prosperity avoids the real reasons for designed poverty. In round terms, the seven billion souls that populate this planet translate into seventy million to be part of the 1%. Well, that amount is still a very large number to blame for the systemic transfer of riches into the hands of the few. A far more relevant approach is to examine the .001% or around seven million that fall into the mover or shakers of asset and possessions. Before targeting this group of mega wealth, that figure includes a very significant number, who are non players when it comes to global politics or transnational finance.

Recent record art sales illustrate the insulated existence that wraps the super rich in a different world from ordinary people. The Washington Post writes, What it looks like when the .001 percent fights over art.

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