The Report That Musk, Zuck & Bezos DON'T Want You to See
A scathing OXFAM report exposes how billionaires really "earn" their wealth.
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Well, this is scathing…
OXFAM just released their report, “Takers, Not Makers”, which exposes the fact that the world’s billionaires manufacture 60% of their wealth through inheritance (aristocracy), corruption/cronyism, and industrial monopolies that screw over regular people.
Shocked? Us either.
The Report
The Gist
OK, here’s the deal.
There’s a myth in society that these ultra-wealthy people “earn” all their money through hard work, perseverance and entrepreneurial spirit.
In certain cases, that is true. In many cases, it’s bullshit.
The OXFAM Report finds that 60% of billionaire wealth comes from non-entrepreneurial circumstances:
Inheritance: A whopping 36% of billionaire wealth comes from wealth being transferred between generations. This is the development of a new aristocracy. A lack of progressive taxation in nations across the world means that families can just pass massive wealth on to heirs in perpetuity. As the report points out,”the next three decades will see over 1,000 of today’s billionaires transfer more than US$5.2 trillion to their heirs.”
Cronyism & Corruption: It’s not always about what you know, but about who you know. Ultra-wealthy individuals have incredible access to government officials, and are able to lobby for favors that serve to enrich them further in ways that the rest of us cannot. OXFAM estimates that 6% of billionaire wealth comes from cronyism and corruption.
Monopolies: Think Bezos and Amazon. Some companies have a market so cornered that competition is nearly impossible. Monopolies allow companies and their owners to set prices wherever they want, knowing the people will pay that price because they have no choice. 18% of billionaire wealth comes from managing and profiting from monopolies.
The report also estimates that there will be FIVE trillionaires in the next decade.
A trillion is a thousand-billion, or a hundred-thousand-million. It’s also the amount of spending that Elon Musk is seeking to cut from the federal budget through DOGE. Ironically, he will probably be the first trillionaire - expedited by the corrupt cronyism that will allow him to bend government to his will for his own personal profit while the rest of us suffer through program cuts.
3.6 billion people across the globe still live below the poverty line.
We at The Dangerous Ones are going to talk about these billionaire pillagers A LOT. Please subscribe to our YouTube channel and subscribe to The Teal and Orange Report!
The concentration of wealth among the wealthiest few is a fucking abomination. We aren’t going to mince words about it.
See you soon, fam.
This is unsustainable.
I can feel my blood boiling!