The Real Terrorism
Injustice, Greed and Corruption
Created Unfair Distribution of
Wealth Which Is The Cause of
All The Problems of The World.
(M. Javed Naseem)
When people
react against injustice
and aggression,
they are labeled ‘terrorists’
by the elite
mafia, and are punished,
even killed.
There cannot be peace without justice! Social justice is the
core of any economic system in a society that enjoys peace and prosperity. The
world has seen the Free Market Economy (the Capitalism) as well as the
Socialism (or Communism). And they have both failed mankind miserably. One is
accused of too much freedom while the other is criticized for too much control.
There is a limit to everything and there is no such thing as ‘total’ freedom.
The lines are drawn and laws are made to enforce those lines or limits. Both
economic systems (Capitalism and Communism) looked good on paper (in theory)
but both brought crisis after crisis for the lower and middle classes. Only the
rich could benefit from them and became richer; the millionaires became the
billionaires and they still want more. There is no end to it.
********************************
There are 36 million
millionaires
in the world
today and their number
is expected to
grow to 44 million
by the year
2022.
********************************
On the other hand, the poor are getting poorer; the middle
class is disappearing and the society can easily be categorized as the rich or
the poor. The question is: Why did both systems failed? The answer is very
simple but the so-called experts don’t want to admit it. They find faults in
the other system. The truth is that the CORRUPTION caused both systems to
crumble. Corruption means injustice; it means dishonesty and disparity; it
means lawlessness; it means no discipline, no competent accountability; and
eventually it means unfair distribution of wealth which results in poverty for
the majority and riches for a very small minority. The man is getting more and
more greedy. And more greed means more and more corruption.
*************************************
The Real Terrorists:
When the richest 1% owns more
than half of the world’s wealth;
when the 1% controls the lives of
the 99%; when the 1% enjoys happy
lives and bring misery and poverty to
the majority of the people, they are the
real terrorists with no compassion.
It also means that the system is not
working and needs immediate reforms.
*************************************
The wealthy or the super rich are known for their hidden
wealth in Swiss banks or the off-shore foreign havens. According to a report
published by the famous bank of Switzerland, Credit Suisse, the world’s five
richest men own more than half of the world’s wealth. In other words, each one
of those five people owns more wealth than 750 million people of the world together.
Amazing, isn’t it?
Richest 1% now owns
half the world's wealth
o:- The wealthiest 1 percent of
the world's population now owns more than half of the world's wealth,
according to a Credit Suisse report.
o:- The total wealth in the world
grew by 6 percent over the past 12 months to $280 trillion, Credit Suisse
said.
o:- That was the fastest wealth
creation since 2012.
The wealthiest 1 percent of the world's population now owns
more than half of the world's wealth, according to a new report.
The total wealth in the world grew by 6 percent over the past 12 months to $280 trillion, marking the fastest wealth creation since 2012, according to the Credit Suisse report. More than half of the $16.7 trillion in new wealth was in the U.S., which grew $8.5 trillion richer.
But that wealth around the world is increasingly concentrated among those at the top. The top 1 percent now owns 50.1 percent of the world's wealth, up from 45.5 percent in 2001.
The total wealth in the world grew by 6 percent over the past 12 months to $280 trillion, marking the fastest wealth creation since 2012, according to the Credit Suisse report. More than half of the $16.7 trillion in new wealth was in the U.S., which grew $8.5 trillion richer.
But that wealth around the world is increasingly concentrated among those at the top. The top 1 percent now owns 50.1 percent of the world's wealth, up from 45.5 percent in 2001.
The world's millionaires are expected to do the best in the
coming years. There are now 36 million millionaires in the world, and their
numbers are expected to grow to 44 million by 2022.
The U.S. still leads the world in millionaires, with 15.3 million people
worth $1 million or more. Japan ranks second with 2.7 million millionaires, while the U.K. ranks third with 2.2 million. China ranks fifth with 1.9 million millionaires, but its millionaire population is expected to hit 2.8 million by 2022.
(Courtesy: https://www.cnbc.com/2017/11/14/richest-1-percent-now-own-half-the-worlds-wealth.html)
Now Just FIVE Men Own
Almost as Much Wealth
as Half the World’s
Population
By: Paul Buchheit (Guest writer for Wake
Up World)
The super-rich are absconding with our wealth, and the
plague of inequality continues to grow. An analysis of 2016 data found that the poorest five deciles
of the world population own about $410 billion in total wealth. As of June 2017,
the world’s richest five men owned over $400 billion in wealth. Thus, on
average, each man owns nearly as much as 750 million people.
Why Do We Let a Few People
Shift Great Portions of the World’s Wealth to Themselves?
Most of the world’s super-super-rich are Americans. We the
American people created the Internet, developed and funded Artificial
Intelligence, and built a massive transportation infrastructure, yet we let
just a few individuals take almost all the credit, along with hundreds of
billions of dollars.
Defenders of the out-of-control wealth gap insist that all
is OK, because, after all, America is a ‘meritocracy’ in which the
super-wealthy have ‘earned’ all they have. They heed the words of Warren Buffett: “The genius of the American
economy, our emphasis on a meritocracy and a market system and a rule of law
has enabled generation after generation to live better than their parents
did.”
But it’s not a meritocracy. Children are no longer living better than their parents
did. In the eight years since the recession the Wilshire Total Market valuation has more than TRIPLED, rising
from a little over $8 trillion to nearly $25 trillion. The great
majority of it has gone to the very richest Americans.
In 2016 alone, the richest 1% effectively shifted
nearly $4 trillion in wealth away from the rest
of the nation to themselves, with nearly half of the wealth transfer ($1.94
trillion) coming from the nation’s poorest 90% — the middle and lower
classes. That’s over $17,000 in housing and savings per
lower-to-middle-class household lost to the super-rich.
A meritocracy? Bill Gates, Mark Zuckerberg,
and Jeff Bezos have done little that wouldn’t have happened
anyway. ALL modern U.S. technology started with — and to a great
extent, continues with — our tax dollars, our research institutes and our
subsidies to corporations.
Why Do We Let
Unqualified Rich People Tell Us How To Live? Especially Bill Gates!
In 1975, at the age of 20, Bill Gates founded Microsoft with high school buddy Paul
Allen. At the time Gary Kildall’s CP/M operating system was the
industry standard. Even Gates’ company used it. But Kildall was an
innovator, not a businessman, and when IBM came calling for an OS for the new
IBM PC, his delays drove the big mainframe company to
Gates. Even though the newly established Microsoft company couldn’t fill IBM’s
needs, Gates and Allen saw an opportunity, and so they hurriedly bought the
rights to another local company’s OS — which was based on Kildall’s CP/M
system. Kildall wanted to sue, but intellectual property law for software had
not yet been established.
Kildall was a maker who got taken.
So Bill Gates took from others to become the richest man in
the world. And now, because of his great wealth and the meritocracy myth, many
people look to him for solutions in vital areas of human need, such as education and global food production.
— Gates on Education: He has promoted
galvanic skin response monitors to measure the
biological reactions of students, and the videotaping
of teachers to evaluate their performances. About schools he said, “The best results have come in cities where
the mayor is in charge of the school system. So you have one executive, and the
school board isn’t as powerful.”
— Gates on Africa: With investments in or
deals with Monsanto, Cargill, and Merck, Gates has demonstrated his preference for
corporate control over poor countries deemed unable to help themselves. But no
problem — according to Gates, “By 2035, there will be almost no poor
countries left in the world.”
Warren Buffett: Demanding To Be Taxed at a Higher Rate (As
Long As His Own Company Doesn’t Have To Pay)
Warren Buffett has advocated for higher taxes on the rich and a reasonable
estate tax. But his company Berkshire Hathaway has used “hypothetical
amounts” to ‘pay’ its taxes while actually deferring $77 billion in real
taxes.
Jeff Bezos: $50 Billion in Less Than Two Years, and
Fighting Taxes All the Way
Since the end of 2015 Jeff Bezos has accumulated enough wealth to cover the entire
$50 billion U.S. housing budget, which serves five million Americans. Bezos, who has
profited greatly from the Internet and the infrastructure built up over many
years by many people with many of our tax dollars, has used tax havens and high-priced lobbyists to avoid the taxes owed by his company.
Mark Zuckerberg (6th Richest in World, 4th Richest in
America)
While Zuckerberg was developing his version of social
networking at Harvard, Columbia University students Adam Goldberg and Wayne Ting built a system called Campus
Network, which was much more sophisticated than the early versions of Facebook.
But Zuckerberg had the Harvard name and better financial support. It was also alleged that Zuckerberg hacked into
competitors’ computers to compromise user data.
Now with his billions he has created a ‘charitable’
foundation, which in reality is a tax-exempt limited liability company, leaving him free to make political
donations or sell his holdings, all without paying taxes.
Everything has fallen into place for young Zuckerberg.
Nothing left for him to do but run for president.
The False Promise of
Philanthropy
Many super-rich individuals have pledged the
majority of their fortunes to philanthropic causes. That’s very generous — if
they keep their promises. But that’s not really the point.
American billionaires all made their money because of the
research and innovation and infrastructure that make up the foundation of our
modern technologies. They have taken credit, along with their massive fortunes,
for successes that derive from society rather than from a few individuals. It
should not be any one person’s decision about the proper use of that wealth.
Instead a significant portion of annual national wealth gains should be
promised to education, housing, health research, and infrastructure. That is
what Americans and their parents and grandparents have earned after a
half-century of hard work and productivity.
***************************************
The Bible says:
“Rich people who see
a brother or sister in need,
yet close their
hearts against them, cannot claim
that they love
God.” – (1-John 3:17)
“Suppose there are
brothers or sisters who need
clothes and don’t
have enough to eat. What good
is there in your
saying to them, ‘God bless you!
Keep warm and eat
well!’, if you don’t give them
the necessities of
life?” – (James 2:15-16)
“Learn to do right.
See that justice is done — help
those who are
oppressed, give orphans their rights,
and defend widows.” –
(Isaiah 1:17)
***************************************
The Real Terrorists:
The Unique Brand of .01% Terror:
Making a Game of Tax Avoidance While 2,500,000
Children Experience Homelessness.
Wealth ownership is not contemptible if the owners of that wealth accept their responsibility to the society that makes their great fortunes possible. But instead of paying taxes, the wealthiest Americans have formed an “income defense industry” to shelter their riches, with, according to the New York Times, “a high-priced phalanx of lawyers, estate planners, lobbyists and anti-tax activists who exploit and defend a dizzying array of tax maneuvers, virtually none of them available to taxpayers of more modest means.”
On the corporate end, over half of U.S. corporate foreign profits are now being held in tax havens, double the share of just twenty years ago. Yet for some of our largest corporations, according to the Wall Street Journal, over 75 percent of the cash owned by their foreign subsidiaries remains in U.S. banks, “held in U.S. dollars or parked in U.S. government and corporate securities.” Thus they get the benefit of our national security while they eagerly avoid taxes.
The .01% go about their self-serving tax avoidance while 2.5 million children experience homelessness every year. The corporations of the .01% hoard hundreds of billions overseas while nearly two-thirds of American families don’t have enough money to replace a broken furnace.
This is real terror, facing life without shelter and warmth and sustenance, without a semblance of security for even one day in the future. It is terror caused in good part by the 16,000 people who don’t feel it’s necessary to pay for the benefits heaped upon them by a perversely unequal society.
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