The U.S. is home to a working class suffering from stagnant incomes and declining job prospects—widespread struggles that helped elect Republican Donald Trump. The relative wealth of Americans in all age groups keeps falling, compared with previous decades.
Read the Full Article: Source – BloombergRead More
Time For Truth: (Bloomberg) – Cheer Up, America: 1,700 Millionaires Are Minted Every Day
It is supposed to be a utopian vision of peace and love but this year’s Burning Man Festival has been marred by “hooligans” carrying out a “revolution against rich parasites”.
The festival plays out each year in Nevada’s Black Rock Desert where 70,000 people build a city in a week, burn a giant wooden effigy of a man, and then restore the arid playa to its original state.
Read the Full Article: Source – The TelegraphRead More
Time For Truth: (The Telegraph) – http://www.telegraph.co.uk/news/2016/09/04/revolution-against-rich-parasites-at-utopian-burning-man-festiva/
Rising tensions in France, especially in Paris following a series of Islamist terrorist attacks in 2015, have spurred an exodus of its super-wealthy citizens, a new report on migration trends of millionaires and high-net worth individuals across the world reveals. The report warns that other European countries, including the UK, Belgium, Germany and Sweden “where religious tensions are starting to emerge”, will also see similar trends.