Penelope
Diamond Member
- Jul 15, 2014
- 60,265
- 15,803
- 2,210
Throughout his time in power, Vladimir Putin has promised to level the playing field in Russia, with an emphasis on growing the middle class. In 2008, he described the gulf between rich and poor as “absolutely unacceptable,” and in 2012 he wrote that “The differentiation of incomes is unacceptable, outrageously high … Therefore, the most important task is to reduce material inequality.”
(snip)
111 people control 19 percent of all household wealth in Russia
If there is one statistic that underscores the depth of wealth inequality in Russia, it may be that an estimated 111 billionaires control nearly a fifth of all household wealth in the country. That’s according to the 2014 Credit Suisse analysis, which found that those in the top 10 percent of the population control a staggering 85 percent of wealth in Russia.
(snip)
Four out of five Russians have less than $10,000 in wealth
In addition to Russia’s 111 billionaires, it is home to 158,000 millionaires. But for the rest of the nation of 139 million, the Credit Suisse analysis put median wealth at $2,360 in 2014, up from $871 the year before. To be sure, missing data meant that the report’s authors could not factor for real assets — such as how much a person may own in property. But after estimating what those costs may be, the analysis suggests that 83 percent of the population has less than $10,000 in personal wealth.
Inequality and the Putin Economy: Inside the Numbers
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Russia is not a communism country, its a rich and working class, same as we are. Its only going to get worst with Trump, with widen class divide. Easier to control the workers when they are strapped and live payday to payday. The largest tax cut was to the elites, just like Reagan did.
I am a member of the working class, along with the many millions of others. If you do not see what is happening in the US then you are a member of the elites or think you are. Millions have had their healthcare taken away, and now insurance companies are allowed to run amuck.
Soon the rich will pay no taxes, only the workers. It will be a terrible class divide. You are at their mercy.
If Putin is classified as a Marxist and a communist country then so are we and Trump and the most of the GOP. Once again they squealed "lock her up" at the RNC convention. Trump just said take the guns, due process after. Why do you not see what is happening. I understand you just want to put food on the table and hope to get your job back, but we are a military country and that is all that matters.
A military country to send the working class to fight wars, to protect the wealthy and their lifestyles. Bibi was just here and said we need to stop Iran. Another country to be destroyed.
(snip)
111 people control 19 percent of all household wealth in Russia
If there is one statistic that underscores the depth of wealth inequality in Russia, it may be that an estimated 111 billionaires control nearly a fifth of all household wealth in the country. That’s according to the 2014 Credit Suisse analysis, which found that those in the top 10 percent of the population control a staggering 85 percent of wealth in Russia.
(snip)
Four out of five Russians have less than $10,000 in wealth
In addition to Russia’s 111 billionaires, it is home to 158,000 millionaires. But for the rest of the nation of 139 million, the Credit Suisse analysis put median wealth at $2,360 in 2014, up from $871 the year before. To be sure, missing data meant that the report’s authors could not factor for real assets — such as how much a person may own in property. But after estimating what those costs may be, the analysis suggests that 83 percent of the population has less than $10,000 in personal wealth.
Inequality and the Putin Economy: Inside the Numbers
-----------------------------------------------------
Russia is not a communism country, its a rich and working class, same as we are. Its only going to get worst with Trump, with widen class divide. Easier to control the workers when they are strapped and live payday to payday. The largest tax cut was to the elites, just like Reagan did.
I am a member of the working class, along with the many millions of others. If you do not see what is happening in the US then you are a member of the elites or think you are. Millions have had their healthcare taken away, and now insurance companies are allowed to run amuck.
Soon the rich will pay no taxes, only the workers. It will be a terrible class divide. You are at their mercy.
If Putin is classified as a Marxist and a communist country then so are we and Trump and the most of the GOP. Once again they squealed "lock her up" at the RNC convention. Trump just said take the guns, due process after. Why do you not see what is happening. I understand you just want to put food on the table and hope to get your job back, but we are a military country and that is all that matters.
A military country to send the working class to fight wars, to protect the wealthy and their lifestyles. Bibi was just here and said we need to stop Iran. Another country to be destroyed.