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

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/

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.

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

Chris Hedges Best Speech August 2018

Chris Hedges Best Speech August 2018

Christopher Lynn Hedges (born September 18, 1956) is an American journalist, Presbyterian minister, and visiting Princeton University lecturer. His books include War Is a Force That Gives Us Meaning (2002), a finalist for the National Book Critics Circle Award for Nonfiction; Empire of Illusion: The End of Literacy and the Triumph of Spectacle (2009);Death of the Liberal Class (2010); Days of Destruction, Days of Revolt (2012), written with cartoonist Joe Sacco, which was a The New York Times best-seller; and his most recent Wages of Rebellion: The Moral Imperative of Revolt (2015). 'America, The Farewell Tour' (2018) Hedges is a columnist for the progressive news and commentary website Truthdig.He is also a host for the television program On Contact on RT. Hedges spent nearly two decades as a foreign correspondent in Central America, West Asia, Africa, the Middle East, and the Balkans. He has reported from more than fifty countries, and has worked for The Christian Science Monitor, NPR, Dallas Morning News, and The New York Times, where he was a foreign correspondent for fifteen years (1990–2005). In 2001, Hedges contributed to The New York Times staff entry that received the 2002 Pulitzer Prize for Explanatory Reporting for the paper's coverage of global terrorism. He also received the Amnesty International Global Award for Human Rights Journalism in 2002.He has taught at Columbia University, New York University, the University of Toronto and Princeton University, where he is a visiting lecturer in African American studies. Hedges has taught college credit courses for several years in New Jersey prisons. He teaches a course through Princeton University in which the class is composed of half prisoners and half Princeton undergraduates.He has described himself as a socialist and more specifically as a Christian anarchist,identifying with Catholic activist Dorothy Day in particular.

My road trip through the whitest towns in America | Rich Benjamin

My road trip through the whitest towns in America | Rich Benjamin

As America becomes more and more multicultural, Rich Benjamin noticed a phenomenon: Some communities were actually getting less diverse. So he got out a map, found the whitest towns in the USA — and moved in. In this funny, honest, human talk, he shares what he learned as a black man in Whitopia. TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes (or less). Look for talks on Technology, Entertainment and Design -- plus science, business, global issues, the arts and much more. Find closed captions and translated subtitles in many languages at http://www.ted.com/translate Follow TED news on Twitter: http://www.twitter.com/tednews Like TED on Facebook: https://www.facebook.com/TED Subscribe to our channel: http://www.youtube.com/user/TEDtalksDirector

Think and Grow Rich: The Lost Secret

Think and Grow Rich: The Lost Secret

http://www.AsAManThinketh.net/think-grow-rich.htm for a free print copy of the number one selling success book of all time. In this video you'll discover the lost "secret" from Think and Grow Rich by Napoleon Hill. It's a pyramid of three powerful success principles.

How to Stay Out of Debt: Warren Buffett - Financial Future of American Youth (1999)

How to Stay Out of Debt: Warren Buffett - Financial Future of American Youth (1999)

Buffett became a billionaire on paper when Berkshire Hathaway began selling class A shares on May 29, 1990, when the market closed at $7,175 a share. More on Warren Buffett: https://www.amazon.com/gp/search?ie=UTF8&tag=tra0c7-20&linkCode=ur2&linkId=9113f36df9f914d370807ba1208bf50b&camp=1789&creative=9325&index=books&keywords=Warren%20Buffett In 1998, in an unusual move, he acquired General Re (Gen Re) for stock. In 2002, Buffett became involved with Maurice R. Greenberg at AIG, with General Re providing reinsurance. On March 15, 2005, AIG's board forced Greenberg to resign from his post as Chairman and CEO under the shadow of criticism from Eliot Spitzer, former attorney general of the state of New York. On February 9, 2006, AIG and the New York State Attorney General's office agreed to a settlement in which AIG would pay a fine of $1.6 billion. In 2010, the federal government settled with Berkshire Hathaway for $92 million in return for the firm avoiding prosecution in an AIG fraud scheme, and undergoing 'corporate governance concessions'. In 2002, Buffett entered in $11 billion worth of forward contracts to deliver U.S. dollars against other currencies. By April 2006, his total gain on these contracts was over $2 billion. In 2006, Buffett announced in June that he gradually would give away 85% of his Berkshire holdings to five foundations in annual gifts of stock, starting in July 2006. The largest contribution would go to the Bill and Melinda Gates Foundation. In 2007, in a letter to shareholders, Buffett announced that he was looking for a younger successor, or perhaps successors, to run his investment business. Buffett had previously selected Lou Simpson, who runs investments at Geico, to fill that role. However, Simpson is only six years younger than Buffett. Buffett ran into criticism during the subprime crisis of 2007--2008, part of the late 2000s recession, that he had allocated capital too early resulting in suboptimal deals. "Buy American. I am." he wrote for an opinion piece published in the New York Times in 2008. Buffett has called the 2007--present downturn in the financial sector "poetic justice". Buffett's Berkshire Hathaway suffered a 77% drop in earnings during Q3 2008 and several of his recent deals appear to be running into large mark-to-market losses. Berkshire Hathaway acquired 10% perpetual preferred stock of Goldman Sachs. Some of Buffett's Index put options (European exercise at expiry only) that he wrote (sold) are currently running around $6.73 billion mark-to-market losses. The scale of the potential loss prompted the SEC to demand that Berkshire produce, "a more robust disclosure" of factors used to value the contracts. Buffett also helped Dow Chemical pay for its $18.8 billion takeover of Rohm & Haas. He thus became the single largest shareholder in the enlarged group with his Berkshire Hathaway, which provided $3 billion, underlining his instrumental role during the current crisis in debt and equity markets. In 2008, Buffett became the richest man in the world, with a total net worth estimated at $62 billion by Forbes and at $58 billion by Yahoo, dethroning Bill Gates, who had been number one on the Forbes list for 13 consecutive years. In 2009, Gates regained the position of number one on the Forbes list, with Buffett second. Their values have dropped to $40 billion and $37 billion, respectively, Buffett having lost $25 billion in 12 months during 2008/2009, according to Forbes. In October 2008, the media reported that Warren Buffett had agreed to buy General Electric (GE) preferred stock. The operation included extra special incentives: he received an option to buy 3 billion GE at $22.25 in the next five years, and also received a 10% dividend (callable within three years). In February 2009, Buffett sold some of the Procter & Gamble Co, and Johnson & Johnson shares from his portfolio. In addition to suggestions of mistiming, questions have been raised as to the wisdom in keeping some of Berkshire's major holdings, including The Coca-Cola Company (NYSE:KO) which in 1998 peaked at $86. Buffett discussed the difficulties of knowing when to sell in the company's 2004 annual report: That may seem easy to do when one looks through an always-clean, rear-view mirror. Unfortunately, however, it's the windshield through which investors must peer, and that glass is invariably fogged. http://en.wikipedia.org/wiki/Warren_Buffett

10 Things the Elite Are Planning for You in the Next 4 Years (2013-2016)

10 Things the Elite Are Planning for You in the Next 4 Years (2013-2016)

"There will never again be an honest election in the United States" according to the elite banker class that has seized control of the US Government, the corporate media, and the military industrial complex. They are planning to seize ALL private property and wealth, completely wiping out the middle class. Interview with Lindsey Williams: Pastor Lindsay Williams, who has impressed me over the past years with the accuracy of his predictions--calling the huge swings both up and down in oil prices a couple of years ago--has insider information from what he calls the power elite or global elite. (I won't go into detail here about how he gets this insider information except to say, in a nutshell, that he served as the chaplain in Alaska during the 70′s for the oil billionaires, a couple whom took him into their confidence, including the late Eric Fromm and a living man whom Lindsey calls "Mr. X".) With that brief background, here is what Pastor Lindsey Williams recently said about what they plan for the next 4 years. (reporting what he was told by his globalist insider "Mr. X"):

The Biggest Scam In The History Of Mankind - Hidden Secrets of Money Episode 4

The Biggest Scam In The History Of Mankind - Hidden Secrets of Money Episode 4

Bonus Presentation here: http://www.hiddensecretsofmoney.com Who owns the Federal reserve? You are about to learn one of the biggest secrets in the history of the world... it's a secret that has huge effects for everyone who lives on this planet. Most people can feel deep down that something isn't quite right with the world economy, but few know what it is. Gone are the days where a family can survive on just one paycheck... every day it seems that things are more and more out of control, yet only one in a million understand why. You are about to discover the system that is ultimately responsible for most of the inequality in our world today. The powers that be DO NOT want you to know about this, as this system is what has kept them at the top of the financial food-chain for the last 100 years. Learning this will change your life, because it will change the choices that you make. If enough people learn it, it will change the world... because it will change the system . For this is the biggest Hidden Secret Of Money. Never in human history have so many been plundered by so few, and it's all accomplished through this... The Biggest Scam In The History Of Mankind. =========================== For more info. on Gold, Silver, & Mike Maloney, visit the Why Gold & Silver channel and subscribe: http://goo.gl/emXEB Also join GoldSilver.com & Mike Maloney on other websites and social networks: Official Websites: http://GoldSilver.com & http://OroPlata.com/ GoldSilver Facebook: https://www.facebook.com/pages/Goldsilvercom/230719865624 Mike Maloney Facebook: https://www.facebook.com/pages/Mike-Maloney/98230491374 Hidden Secrets of Money Facebook: https://www.facebook.com/HiddenSecretsofMoney Twitter (GoldSilver.com News): https://twitter.com/NewsGoldSilver Twitter (Mike Maloney): https://twitter.com/mike_maloney LinkedIn: http://www.linkedin.com/company/goldsilver-com Thank You for Visiting Us.

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