“By the time of Bill Clinton’s election in 1992, the Democratic
Party had completely repudiated its association with the
reforms of the New Deal and Great Society periods. Clinton
gutted welfare programs to provide an ample supply of cheap
labor for the rich (WHICH NOW MEANS OPEN BORDERS
AND NO E-VERIFY!), including a growing layer of black
capitalists, and passed the 1994 Federal Crime Bill, with its
notorious “three strikes” provision that has helped create the
largest prison population in the world.”
Richest one percent controls nearly half of global wealth
The richest one percent of the world’s population now controls 48.2 percent of global wealth, up from 46 percent last year.
The report found that the growth of global inequality has accelerated sharply since the 2008 financial crisis, as the values of financial assets have soared while wages have stagnated and declined.