• Home
  • Support
  • Contact
    • About
    • Contact
    • Disclaimers and Policies

The Hidden Dominion

Liberty: The Right Way

  • Economy
  • Enclavism
  • Survivalism
  • Society
  • Announcements

How Rich Are The World’s Richest Families? Ridiculously

August 13, 2019 By Kaisar Leave a Comment

Share
Tweet
Pin

The world’s wealthiest families get $4 million richer every hour.

How Rich Are The World's Richest Families? Ridiculously

I’m fairly capitalist, but some would say this is a monopoly on currency. Or at the very least, degenerative capitalism.

A recent report by Bloomberg (highly recommend a read of this article here) states:

The 25 wealthiest dynasties on the planet control $1.4 trillion

The numbers are mind-boggling: $70,000 per minute, $4 million per hour, $100 million per day.

That’s how quickly the fortune of the Waltons, the clan behind Walmart Inc., has been growing since last year’s Bloomberg ranking of the world’s richest families.

At that rate, their wealth would’ve expanded about $23,000 since you began reading this. A new Walmart associate in the U.S. would’ve made about 6 cents in that time, on the way to an $11 hourly minimum.

Even in this era of extreme wealth and brutal inequality, the contrast is jarring. The heirs of Sam Walton, Walmart’s notoriously frugal founder, are amassing wealth on a near-unprecedented scale — and they’re hardly alone.

The Walton fortune has swelled by $39 billion, to $191 billion, since topping the June 2018 ranking of the world’s richest families.

And this doesn’t even include the actual richest, such as Rothschild. People like them aren’t included in the “richest” person list, because those types stay behind the scenes.

How Rich Are The World’s Richest Families? Ridiculously

It’s important to remember that America’s richest 0.1 percent control more wealth than any other time since 1929.

To boot, the top 0.1 percent is comprised of fewer than 200,000 families, but own as much as the bottom 90 percent including 110 million households.

However, this money from the top percent is not enough to cover everyone else. A socialist redistribution would do almost nothing for the average person. Especially considering this list is worldwide, and there are a lot of people on Earth.

Yet, this variant of hedonistic/unrestrained capitalism is not sustainable and it is exactly why we are seeing so many people turn so far left.

For our country to go so far into debt while billionaires continue to amass trillions based off tax breaks, tax avoidance, and political ploys is damn near prime-time comedy.

It’s not a system that is sustainable. Eventually enough people will get fed up and fight back in some manner. The inequality gap is growing, and eventually it will cross a threshold that the average citizen won’t want to entertain any longer. For now, we have our fancy gadgets and general 9 to 5’s so nothing will happen. Will that last forever? History disagrees.

But that does appear to be the direction we are gravitating toward. Either the inequality gap continues to explode and more people delve extremist or we restrain it as any sane capitalist society would.

We don’t allow companies to have a monopoly on products – we shouldn’t allow people to have them either. A monopoly of power. Which is exactly what people like the Walton’s have.

It’s an odd predicament, is it not? Taxation is almost certainly theft, whether we want to agree with that statement from an emotional standpoint or not. Any tax money collected will be wasted by the government. Yet, this unrestrained capitalism will only eventually lead us directly into the hands of socialist lunatics if it is not curtailed. So, do we tax them and be the bad guys or do we wait until the other bad guys show up?

There is no good choice. It’s yet another problem with democracy.

The Hidden Dominion - Related Articles

Subscribe
Notify of
guest
*Your email is never shared
guest
*Your email is never shared
0 Comments
Inline Feedbacks
View all comments

Join The Waiting List

Enclavism book

Weekly Top 3

  • 50 Reasons Why California Sucks 75 Reasons Why California Sucks
  • The Depravity Of Modern Women - Dubai Porta Potties The Depravity Of Modern Women – Dubai Porta Potties
  • Differences Between AK47s Differences Between AK-47, AK-74, AKM, AK-101, and AK-12

Featured

The Hidden Dominion Manifesto

The Hidden Dominion Manifesto: What We Believe

July 28, 2020 By Kaisar

overview of enclavism

A Brief Overview of Enclavism

December 19, 2019 By Kaisar

Recent

The Texas Power Grid Disaster

The Texas Power Grid Disaster: Preparations To Consider

February 25, 2021 By Kaisar

Fate Of Empires by Sir John Glubb

The Cycle of Collapse: Fate Of Empires by Sir John Glubb

February 24, 2021 By Kaisar

Social Media Does Not Reflect America At All

Social Media Does Not Reflect America At All

February 23, 2021 By Kaisar

The Constant State Of Rage

On Addressing The Constant State Of Rage We All Feel

February 22, 2021 By Kaisar

Surviving The Fall Of The Western World

Surviving The Fall Of The Western World and The Nightmares Laying Ahead

February 19, 2021 By Kaisar

FBI Versus KGB

FBI Versus KGB: Is There A Difference?

February 18, 2021 By Kaisar

Media Manipulation

Media Manipulation: Push A False Hoax Only To Slyly Retract It Later

February 17, 2021 By Kaisar

Social

  • Email
  • RSS
  • xing

Disclaimer

By using this site you agree to the use of cookies.

View our disclaimers and privacy policy for more details.

Browse

ΜΟΛΩΝ ΛΑΒΕ

The Hidden Dominion © 2021

wpDiscuz