Democracy Gone Astray

Democracy, being a human construct, needs to be thought of as directionality rather than an object. As such, to understand it requires not so much a description of existing structures and/or other related phenomena but a declaration of intentionality.
This blog aims at creating labeled lists of published infringements of such intentionality, of points in time where democracy strays from its intended directionality. In addition to outright infringements, this blog also collects important contemporary information and/or discussions that impact our socio-political landscape.

All the posts here were published in the electronic media – main-stream as well as fringe, and maintain links to the original texts.

[NOTE: Due to changes I haven't caught on time in the blogging software, all of the 'Original Article' links were nullified between September 11, 2012 and December 11, 2012. My apologies.]

Saturday, April 19, 2014

The Super Rich Are Richer Than We Thought, Hiding Huge Sums, New Reports Find

A new pair of reports suggests that the super rich are richer than we thought.
The first report by Professors Emmanuel Saez (UC Berkeley) and Gabriel Zucman (LSE and UC Berkeley) addresses the question of how to measure total wealth, finding that there is an increasing concentration in the top one-thousandth.
So where is all this wealth going? The second report, by Zucman, demonstrates that a lot of the money is held in offshore tax havens -- far more than previously known.New York Times columnist Paul Krugman summed up the numbers Friday, arguing that they tell us "something important about how the world really works."
"At the commanding heights of the US economy, hiding a lot of one’s wealth offshore is probably the norm, not the exception," Krugman wrote.
Read the full papers on wealth concentration here, and the one on offshore tax havens here.
Original Article
Source: huffingtonpost.com/
Author: --

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