Who Are The Ultra Rich?

  • They are the top .01%. These are individuals with a net worth over $100 million, at least.
  • The average member of the Ultra Rich took in about $24 million in income during the third year of the Recession.
  • Until the 1970s the majority 90% had seen its income grow more than any other income group. Now the bottom 90% of Americans are poorer today than in 1987. The .01% on the other hand are thriving.
  • Since 1980 the .01% have more than quadrupled their share of total wealth.
  • Over the last five years 95% of income gains have gone to the top 1%.
  • Within the 1% inequality is soaring. The top 1% of the 1% now has 28% of the 1%’s wealth.
  • When you factor in hidden wealth, the .01% they have an estimated 33% of the 1%’s wealth.
  • Only 1 in 5 Americans makes enough money to sustain the cost of living (without debt).
  • Between 2007-2013 the Ultra Rich’s wealth increased 26%, while the median household lost 43%.
  • Throughout the Recession the .01% saw rising income and wealth.
  • The richest 1% overall own more than 48% of global wealth.
  • Billionaires are getting richer, while millionaires are getting poorer.
  • 492 Americans have more wealth than 155 million of their fellow citizens combined.

Is Google Evil?

TBR

By all appearances, Google’s bosses genuinely believe in the civilizing power of enlightened multinational corporations, and they see this mission as continuous with the shaping of the world according to the better judgment of the “benevolent superpower.”

That’s a quote from an excerpt written by Wikileak’s Julian Assange titled Google Is Not What It Seems. In it Assange outlines Google’s intense intersection with the foreign affairs and military wings of the U.S. government.

One of Google’s bosses, Jared Cohen, moved to Google directly from the US State Department in 2010. He was considered an ideas man with a specialty on the millennial generation. He’d worked under two US presidents. While he was still at the Department of State he was said to have emailed Twitter CEO Jack Dorsey to delay scheduled maintenance in order to affect the political turmoil in Iran back in 2009.

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Rise!: Tracing The Birth of A Movement

Rise! examines the long road to civil rights during a time when the deep contradictions within American society ultimately became unsustainable. Brought to you by PBS, Rise! The Road to Civil Rights is available in full on Netflix.