The Rich in America: Power, Control, Wealth and the Elite Upper Class in the United States

The Rich in America: Power, Control, Wealth and the Elite Upper Class in the United States

The American upper class describes the sociological concept pertaining to the "top layer" of society in the United States. About the book: https://www.amazon.com/gp/product/0078026717/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0078026717&linkCode=as2&tag=tra0c7-20&linkId=2eb8359867676703c845d545981030e7 This social class is most commonly described as consisting of those with great wealth and power and may also be referred to as the Capitalist Class or simply as The Rich. Persons of this class commonly have immense influence in the nation's political and economic institutions as well as public opinion. Many politicians, heirs to fortunes, top business executives, CEOs, successful venture capitalists and celebrities are considered members of this class. Some prominent and high-rung professionals may also be included if they attain great influence and wealth. The main distinguishing feature of this class, which is estimated to constitute roughly 1% of the population, is the source of income. While the vast majority of persons and households derive their income from salaries, those in the upper class derive their income from investments and capital gains. Estimates for the size of this group commonly vary from 1% to 2%, while some surveys have indicated that as many as 6% of Americans identify as "upper class." Sociologist Leonard Beeghley sees wealth as the only significant distinguishing feature of this class and, therefore, refers to this group simply as "the rich." " "The members of the tiny capitalist class at the top of the hierarchy have an influence on economy and society far beyond their numbers. They make investment decisions that open or close employment opportunities for millions of others. They contribute money to political parties, and they often own media enterprises that allow them influence over the thinking of other classes... The capitalist class strives to perpetuate itself: Assets, lifestyles, values and social networks... are all passed from one generation to the next." -Dennis Gilbert, The American Class Structure, 1998 " Sociologists such as W. Lloyd Warner, William Thompson and Joseph Hickey recognize prestige differences between members of the upper class. Established families, prominent professionals and politicians may be deemed to have more prestige than some entertainment celebrities who in turn may have more prestige than the members of local elites. Yet, contemporary sociologists argue that all members of the upper class share such great wealth, influence and assets as their main source of income as to be recognized as members of the same social class. As great financial fortune is the main distinguishing feature of this class, sociologist Leonard Beeghley at the University of Florida identifies all "rich" households, those with incomes in the top 1% or so, as upper class. Functional theorists in sociology and economics assert that the existence of social classes is necessary in order to distribute persons so that only the most qualified are able to acquire positions of power, and so that all persons fulfill their occupational duties to the greatest extent of their ability. Notably, this view does not address wealth, which plays an important role in allocating status and power. In order to make sure that important and complex tasks are handled by qualified and motivated personnel, society offers incentives such as income and prestige. The more scarce qualified applicants are and the more essential the given task is, the larger the incentive will be. Income and prestige which are often used to tell a person's social class, are merely the incentives given to that person for meeting all qualifications to complete an important task that is of high standing in society due to its functional value. "It should be stressed... that a position does not bring power and prestige because it draws a high income. Rather, it draws a high income because it is functionally important and the available personnel is for one reason or another scarce. It is therefore superficial and erroneous to regard high income as the cause of a man's power and prestige, just as it is erroneous to think that a man's fever is the cause of his disease... The economic source of power and prestige is not income primarily, but the ownership of capital goods (including patents, good will, and professional reputation). Such ownership should be distinguished from the possession of consumers' goods, which is an index rather than a cause of social standing." -Kingsley Davis and Wilbert E. Moore, Principles of Stratification. http://en.wikipedia.org/wiki/American_upper_class

Super Rich The Greed Game

Super Rich The Greed Game

An interesting Documentary. no copyright infringement intended. i do not own or claim to own the footage shown in this video. "Copyright Disclaimer, Under Section 107 of the Copyright Act 1976, allowance is made for 'fair use' for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."

CORPORATE FASCISM - The Destruction of America's Middle Class

CORPORATE FASCISM - The Destruction of America's Middle Class

A new kind of fascism has taken over America: the merger of corporations and government whereby corporate power dominates. With the emergence of ever-larger multinational corporations -- due to consolidation facilitated by the Federal Reserve's endless FIAT money -- the corporatocracy has been in a position to literally purchase the U.S. Congress. A James Jaeger Film featuring RON PAUL, Congressman/Presidential Candidate; PAT BUCHANAN, Author/Political Analyst; G. EDWARD GRIFFIN, Author/Producer; EDWIN VIEIRA, Author/Constitutional Attorney and TED BAEHR, Founder of MovieGuide and Christian Film & TV Commission. A result of the corporate purchase of Congress is that many of the nation's "laws" have been re-configured to benefit WE THE CORPORATIONS, rather than WE THE PEOPLE. "Laws" like NAFTA and GATT resulted in the outsourcing of the U.S. manufacturing base and the destruction of the Middle Class. This is nothing less than the 1 Percenters abusing the 99 Percenters. Known as "monopoly capitalism," "crony capitalism," "mercantilism," "globalization," "the new world order," and/or "free trade" -- this is NOT your Grandfather's capitalism. If you liked this film, help us make our new film "MOLON LABE - How the Second Amendment Guarantees America's Freedom". See http://www.molon.us Get this, and other James Jaeger films, on higher quality DVD at www.MoviePubs.Net/dvds. Donations and DVD sales are what make these films possible. If you can't afford a DVD, please at least refer this movie and its URLs to your list of family, friends and associates.

Park Avenue: money, power and the American dream - Why Poverty?

Park Avenue: money, power and the American dream - Why Poverty?

How much inequality is too much? To find out more and get teaching resources linked to the film, go to www.whypoverty.net 740 Park Ave, New York City, is home to some of the wealthiest Americans. Across the Harlem River, 10 minutes to the north, is the other Park Avenue in South Bronx, where more than half the population needs food stamps and children are 20 times more likely to be killed. In the last 30 years, inequality has rocketed in the US -- the American Dream only applies to those with money to lobby politicians for friendly bills on Capitol Hill. Director Alex Gibney Producer Blair Foster Produced by Jigsaw Productions & Steps International Why Poverty? http://www.whypoverty.net/en/video/29/

The Pathology of the Rich - Chris Hedges on Reality Asserts Itself (1/2)

The Pathology of the Rich - Chris Hedges on Reality Asserts Itself (1/2)

On RAI with Paul Jay, Chris Hedges discusses the psychology of the super rich; their sense of entitlement, the dehumanization of workers, and mistaken belief that their wealth will insulate them from the coming storms http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=11150

Inside The World Of The Global Super-Rich

Inside The World Of The Global Super-Rich

Richie Rich Gets Richer: The widening gap between the world's rich and poor. For similar stories, see: The Panama Papers: Secrets of the Super Rich https://youtu.be/BBmLMVHzrX4 Has Wall Street Created Another Housing Crisis? https://youtu.be/7V1IMBzH2J8 Socialist China's Billionaire Playboys https://youtu.be/xuTnHSRQZYY Subscribe to journeyman for daily uploads: http://www.youtube.com/subscription_center?add_user=journeymanpictures For downloads and more information visit: http://www.journeyman.tv/?lid=63948 Like us on Facebook: https://www.facebook.com/journeymanpictures Follow us on Twitter: https://twitter.com/JourneymanVOD https://twitter.com/JourneymanNews Follow us on Instagram: https://instagram.com/journeymanpictures As countries like Greece and Spain struggle under massive debts that are impoverishing its people, the elites around the world are getting richer and richer. This report looks at the ever widening gap. "There are customers that have all the way up to 100 vehicles in their garage." Torsten Muller-Otvos from Rolls Royce tells us. Each one costs about half a million and last year Rolls Royce sold more cars than ever before in their 100-year history, but then the luxury industry knows no crisis. Since 2009 the rich have become on average 6 percent richer. So while one in six Americans now has no health insurance, Manhattan's 58 billionaires have gotten richer. As Manuel Koch points out the ratio of return expected by the rich has totally shifted, "People used to be happy making three million profit. Today companies like Apple account for 6 billion profit. That's profit! Not turnover." But despite their greater income the super-rich aren't too happy about the idea of their tax loopholes being closed. In their minds they give back, even if its not through taxes. "I know a lot of rich friends who have charities...when they reach a certain level they give back to the community. So I think less tax is always better than too much." But as the world struggles through a financial crisis and the globe-trotting elite continue to grow wealthier, there's not much evidence they have their communities interests at heart. ORF - Ref. 5565 Journeyman Pictures is your independent source for the world's most powerful films, exploring the burning issues of today. We represent stories from the world's top producers, with brand new content coming in all the time. On our channel you'll find outstanding and controversial journalism covering any global subject you can imagine wanting to know about.

How Class Works — Richard Wolff Examines Class

How Class Works — Richard Wolff Examines Class

Richard Wolff is an economist who has studied class issues for more than 40 years. In this animation and audio presentation, Wolff explains what class is all about and applies that understanding to the foreclosure crisis of 2007--2011. He argues that class concerns the "way our society splits up the output [and] leaves those who get the profits in the position of deciding and figuring out what to do with them... We all live with the results of what a really tiny minority in our society decides to do with the profits everybody produces." As you watch and listen, consider what we know from research about disease and illness patterns among groups with lower income, more stress, and less control of their lives. Consider how investment decisions in neighborhoods, over transportation, school facilities, parks, location of grocery stores, quality of affordable housing, etc. influenced by powerful interests, affect the quality of life for large segments of the population. http://rdwolff.com/ This video was produced by the National Association of County and City Public Health Officals (NACCHO) as a part of thier Roots of Health Inequality Project. The project is a web-based course for the public health workforce and "How Class Works" is one section of the course. http://www.rootsofhealthinequity.org/about-project.php http://www.thedossier.info/ https://twitter.com/theDossier_info

The U.S. Is Run by a Financial Oligarchy: The Ruling Elite, Money & the Illusion of Progress (1993)

The U.S. Is Run by a Financial Oligarchy: The Ruling Elite, Money & the Illusion of Progress (1993)

Some contemporary authors have characterized current conditions in the United States as being oligarchic in nature. About the book: https://www.amazon.com/gp/product/0802114466/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0802114466&linkCode=as2&tag=tra0c7-20&linkId=060c7a06efac53a0682fe3e823f675b8 Simon Johnson wrote that "the reemergence of an American financial oligarchy is quite recent," a structure which he delineated as being the "most advanced" in the world. Jeffrey A. Winters argues that "oligarchy and democracy operate within a single system, and American politics is a daily display of their interplay." Bernie Sanders (I-VT) opined in a 2010 The Nation article that an "upper-crust of extremely wealthy families are hell-bent on destroying the democratic vision of a strong middle-class which has made the United States the envy of the world. In its place they are determined to create an oligarchy in which a small number of families control the economic and political life of our country." United States political and finance industry leadership has recently been dominated by people associated with Harvard and Yale. All nine members of the current Supreme Court attended Harvard or Yale law schools. The last member appointed to the court who was not a former student at one of those two institutions was Sandra Day O'Connor, appointed by the newly elected President Ronald Reagan in 1981. Reagan was also the last United States President who did not attend either Harvard or Yale. A well-known fictional oligarchy is represented by the Party in George Orwell's novel Nineteen Eighty-Four. The socialists in the Jack London novel The Iron Heel fight a rebellion against the oligarchy ruling in the United States. In the Ender's Quartet, by Orson Scott Card - specifically Xenocide, Speaker for the Dead, and Children of The Mind - there is an Oligarchy of the Starways Congress which rules by controlling communication by the Ansible. The Capitol in The Hunger Games trilogy is also a form of Oligarchy, as is the nation of Tear (ruled by a group of High Lords, until the appointment of High Lord Darlin as King of Tear) in Robert Jordan's The Wheel of Time. http://en.wikipedia.org/wiki/Oligarchy Corporatocracy is a term used as an economic and political system controlled by corporations or corporate interests. It is a generally pejorative term often used by critics of the current economic situation in a particular country, especially the United States. This is different to corporatism, which is the organisation of society into groups with common interests. Corporatocracy as a term tends to be used by liberal and left-leaning critics, but also some economic libertarian critics and other political observers across the political spectrum. Economist Jeffrey Sachs described the United States as a corporatocracy in his book The Price of Civilization. He suggested that it arose from four trends: weak national parties and strong political representation of individual districts, the large U.S. military establishment after World War II, big corporate money financing election campaigns, and globalization tilting the balance away from workers. The term was used by author John Perkins in his 2004 book Confessions of an Economic Hit Man, where he claimed that a "corporatocracy" exists, involving tacitly coordinated corporations, banks, and governments. This collective is known as what author C Wright Mills would call the Power Elite. The Power Elite are wealthy individuals who hold prominent positions in Corporatocracies. These individuals control the process of determining society's economic and political policies. The concept has been used in explanations of bank bailouts, excessive pay for CEOs, as well as complaints such as the exploitation of national treasuries, people, and natural resources. It has been used by critics of globalization, sometimes in conjunction with criticism of the World Bank or unfair lending practices, as well as criticism of free trade agreements. http://en.wikipedia.org/wiki/Corporatocracy

Four Horsemen - Feature Documentary - Official Version

Four Horsemen - Feature Documentary - Official Version

RenegadeInc.com brings you FOUR HORSEMEN - an award winning independent feature documentary which lifts the lid on how the world really works. As we will never return to 'business as usual' 23 international thinkers, government advisors and Wall Street money-men break their silence and explain how to establish a moral and just society. FOUR HORSEMEN is free from mainstream media propaganda -- the film doesn't bash bankers, criticise politicians or get involved in conspiracy theories. It ignites the debate about how to usher a new economic paradigm into the world which would dramatically improve the quality of life for billions. Subtitles available in English, French, Greek, Spanish and Portuguese. "It's Inside Job with bells on, and a frequently compelling thesis thanks to Ashcroft's crack team of talking heads -- economists, whistleblowers and Noam Chomsky, all talking with candour and clarity." - Total Film "Four Horsemen is a breathtakingly composed jeremiad against the folly of Neo-classical economics and the threats it represents to all we should hold dear." - Harold Crooks, The Corporation (Co-Director) Surviving Progress (Co-Director/Co-Writer) Follow us on https://www.twitter.com/Renegade_Inc on https://www.facebook.com/RenEconomist or visit our website http://www.renegadeinc.com Support us by subscribing here http://bit.ly/1db4xVQ

Who Wants to Be a Millionaire by BBC (Full Documentary)

Who Wants to Be a Millionaire by BBC (Full Documentary)

Meet Robert Kiyosaki and other world-class speakers South Africa: http://www.amiando.com/e/hkyfua Netherlands: http://www.amiando.com/e/ozdohu

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