Saturday, January 14, 2017

Amazon founder Jeff Bezos buys mansion next to Obama . Paying miserable wages to his employees helped him save for the down payment

Amazon founder Jeff Bezos buys home in same neighborhood as Obama family, Ivanka Trump: Jeff Bezos, the founder of Amazon and the owner of the Washington Post, has purchased a massive home in the same D.C. neighborhood where the Obama family and Ivanka Trump are also moving. Bezos has purchased the former Textile Museum on S Street in the Kalorama neighborhood with plans to covert it into a single-family home, the Post reported Thursday. It will be the largest home in Washington. It sold for $23 million on Oct. 21. Bezos purchased the Washington Post in 2013 but he and his family still live in Seattle, where Amazon is based. Ivanka Trump and her husband Jared Kushner recently purchased a home in Kalorama, putting them just two blocks away from where the Obama family is expected to live.


"Amazon has been able to capture an increasing share of the retail market by exploiting its workforce through low wages, imposing high productivity demands and implementing robotic automation."




"Between 2002 and 2015 annual earnings for the bottom 90 percent of Americans rose by 

only 4.5 percent, while earnings for the top 1 percent grew by 22.7 percent, according to the

Economic Policy Institute. Under the Obama administration, more than 90 percent of 

income gains since the so-called “recovery” began have gone to the top one percent."


 “Our entire crony capitalist system, Democrat and Republican alike, has become a kleptocracy approaching par with third-world hell-holes.  This is the way a great country is raided by its elite.” ---- Karen McQuillan THEAMERICAN

AMERICA: One paycheck and two illegals away from homelessness.

"The economists found that the pre-tax share of national income received by the
bottom half of the US population has been cut nearly in half since 1980, from 20
percent to 12 percent, while the income share of the top one percent has nearly
doubled, from 12 percent to 20 percent."

Eight men own same as poorest half of world: Oxfam
The wealth of the world's poorest 3.6 billion people is the equivalent to the combined net worth of six American businessmen, one from Spain and another from Mexico
by AFP16 Jan 2017

London (AFP) – Eight men own the same wealth as the poorest half of the world’s population, a level of inequality which “threatens to pull our societies apart”, Oxfam said on Monday ahead of the World Economic Forum opening in Davos.
The wealth of the world’s poorest 3.6 billion people is the equivalent to the combined net worth of six American businessmen, one from Spain and another from Mexico.
Picked from Forbes’ billionaires list, they include Microsoft founder Bill Gates, Mark Zuckerberg who co-founded Facebook, and Jeff Bezos, founder of Amazon.
Oxfam pointed to a link between the vast gap between rich and poor and growing discontent with mainstream politics around the world.
“From Brexit to the success of Donald Trump’s presidential campaign, a worrying rise in racism and the widespread disillusionment with mainstream politics, there are increasing signs that more and more people in rich countries are no longer willing to tolerate the status quo,” Oxfam said in its new report, “An economy for the 99 percent”.
The charity said new data on wealth distribution from countries such as India and China had prompted it to revise its own calculation, having said a year ago the wealth of half the world’s population was in the hands of 62 people.
Inequality will be among the issues topping the agenda as the world’s political and business elite meet in Davos from Tuesday until Friday, when 3,000 people will gather for the annual meeting of the World Economic Forum. 
“Responsive and responsible leadership” has been chosen as the theme of the summit, which organisers said was a response to a “backlash against globalisation leading to two surprising vote results and a rise in populism in the West”.
In its report Oxfam called for an increase in tax rates targeting “rich individuals and cooperations”, as well as a global agreement to end competition between countries to lower corporate tax rates. 
The charity also condemned lobbying by corporations and the closeness of business and politics, calling for mandatory public lobby registries and stronger rules on conflicts of interest.

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