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The 1% are the very best destroyers of wealth the world has ever seen

The 1% are the very best destroyers of wealth the world has ever seen
If wealth was the inevitable result of hard work and enterprise, every woman in Africa would be a millionaire. The claims that the ultra-rich 1% make for themselves – that they are possessed of unique intelligence or creativity or drive – are examples of the self-attribution fallacy. This means crediting yourself with outcomes for which you weren't responsible. Many of those who are rich today got there because they were able to capture certain jobs. This capture owes less to talent and intelligence than to a combination of the ruthless exploitation of others and accidents of birth, as such jobs are taken disproportionately by people born in certain places and into certain classes. The findings of the psychologist Daniel Kahneman, winner of a Nobel economics prize, are devastating to the beliefs that financial high-fliers entertain about themselves. Such results have been widely replicated. So much for the financial sector and its super-educated analysts. This is now changing.

https://www.theguardian.com/commentisfree/2011/nov/07/one-per-cent-wealth-destroyers

10 of the World's Most Insanely Luxurious Houses - Oddee.com (luxurious house, amazing houses) Antilla, Mumbai - The first Billion dollar home Mukesh Ambani, the fifth richest man in the world and head of the Mumbai based petrochemical giant Reliance Industries is estimated to be worth somewhere in the region of $43 billion. He is also the owner to-be of a 27-story skyscraper in downtown Mumbai that is to cost him colossal $2 billion! His wife Nita Ambani was staying in the Mandarin Oriental in New York and was so impressed with the interior Asian style decor that she wanted something similar for her to live in.

The psychopathy of the corporate personality; lessons for law from cognitive neurology In cognitive neurology, ‘psychopathy’ does not mean ‘a tendency to kill someone’ as is common thought by the general public. ‘Psychopathy’ is literally a ‘suffering of the mind’, and is used by cognitive neurologists to refer to individuals who cannot understand the mental states of others. This inability to understand the mental state of another in your mind is thought to go to awry in autism, from the seminal work by Prof Uta Frith, at UCL (and who was awarded an Honorary Doctorate at Cambridge this year) and Prof Simon Baron-Cohen, Macurdy Professor of Abnormal Psychology at Cambridge. It is even thought an ability to monitor to your own mental state, in particular distinguish internally-generated mental states from those of other people, can lead to conditions such as schizophrenia, causing delusions. Salomon v Salomon provides the pivotal House of Lords case in English law, establishing that the body corporate has a separate legal personality. Related posts:

The New Forbes 400 — and Their $1.5 Trillion America’s 400 richest now hold a fortune almost as large as their 2007 pre-Great Recession record. By Sam Pizzigati How swell a year have America’s 400 richest enjoyed over the past 12 months? This good: Google billionaires Sergey Brin and Larry Page each saw their personal fortunes jump by $1.7 billion over the year — and each has slipped five slots in the just-published latest edition of the Forbes 400. Forbes has been publishing an annual list of America’s 400 richest ever since 1982. Wealth in America, interestingly, began hyper concentrating at about the same year. The Psychopath in the C-Suite Corporate genius or psychopath? It’s a thin line that divides them. Most people who work in companies run afoul of such a person at least once during their career.

Forbes list of billionaires (2011) The World's Billionaires is an annual ranking of the world's wealthiest people, compiled and published by the American business magazine Forbes in March. The total net worth of each individual on the list is estimated, in United States dollars, based on their assets and accounting for debt. Royalty and dictators whose wealth comes from their positions are excluded from these lists.[1] Political Ponerology Home Occupy Wall Street: Thoughts from a Member of the One Percent « Venture Capital I walked from the West Side Highway to Chinatown yesterday in the early afternoon. I passed not one, but two marches uptown to Times Square and walked along with them for a while. New York City is in the throes of the OccupyWallStreet protests.

The One Percent The film premiered on April 29, 2006, at the Tribeca Film Festival. It was reported to have been purchased by HBO and a revised version of the film, substantially re-edited and incorporating footage shot since the 2006 festival screening, premiered on February 21, 2008 on HBO's Cinemax. Interviews[edit] The film is 79 minutes long and features interviews with a diverse range of individuals: Reception[edit] 186 000 personnes possèdent 25 000 milliards de dollars au total Le cabinet Wealth-X a publié fin 2011 une enquête sur les grandes fortunes de la planète. Ensemble, ces 185 795 Ultra Riches détiennent un patrimoine estimé à 25 000 milliards de dollars. Pour donner un ordre de grandeur, cette somme équivaut à 40% du PIB mondial en 2010, soit 63 000 milliards de dollars.

Nearly half of Congress members are millionaires - a status shared by only 1% cent of Americans By Daily Mail Reporter Updated: 01:12 GMT, 17 November 2011 Nearly half of Congress members are millionaires - a status shared by only one per cent of Americans. According to a new study, at least 249 out of Congress’ 535 members are millionaires. The analysis — released by the Center for Responsive Politics — is based on the average value of each lawmaker’s assets and liabilities, which members are required by law to report every year. Le triomphe des riches On s'en doutait un peu, mais la confirmation est officielle : en France, les inégalités se creusent. Mais elles ne se creusent pas par le bas, par l'accroissement de la part des pauvres dans la population. Elles se creusent par le haut, les riches devenant sans cesse plus riches. Les chiffres que vient de publier l'Insee dans sa publication annuelle sur « Les revenus et le patrimoine des ménages » [1] sont sans appel. Dans le bas de la pyramide sociale, la proportion des personnes vivant au-dessous du seuil de pauvreté est passée de 14,5 % à 13 % entre 1996 et 2008 (dernière année connue). Certes, le chômage n'est pas le seul déterminant de la pauvreté.

Annual income of richest 100 people enough to end global poverty four times over Downloads “We can no longer pretend that the creation of wealth for a few will inevitably benefit the many – too often the reverse is true.” Jeremy Hobbs Executive Director, Oxfam International Published: 19 January 2013

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