World’s Super Rich Buying Pandemic Escape Mansions in New Zealand

by Alan Macleod

MintPress News | May 11, 2020

Survival Bunker Feature photo

Instead of paying $24,000 for a haircut or spending $120,000 on a banana duct taped to a wall, the world’s super wealthy have found a new commodity to purchase: pandemic bunkers in New Zealand. A number of the planet’s richest people, including billionaire co-founder of Paypal Peter Thiel, have, amidst a growing global pandemic, escaped to the country and bought luxury bunkers designed to withstand even nuclear explosions. LinkedIn CEO Reid Hoffman describes the practice as “apocalypse insurance.”

Isolated in the far “corner” of the Southern Hemisphere, more than 1,000 miles from Australia, the sparsely populated island country has long been a destination of choice for those worried about the potential of a catastrophic event, like a war, nuclear attack, or an uprising. The country’s temperate climate and remarkably stable society make it a particularly safe choice in the event of such an occurrence.Read More »

America’s super-rich see their wealth rise by $282 Billion in three weeks of pandemic

by 

MintPress News | April 27, 2020

Bill Gates Coronavirus Feature photo

A new report from the Institute for Policy Studies found that, while tens of millions of Americans have lost their jobs during the coronavirus pandemic, America’s ultra-wealthy elite have seen their net worth surge by $282 billion in just 23 days. This is despite the fact that the economy is expected to contract by 40 percent this quarter. The report also noted that between 1980 and 2020 the tax obligations of America’s billionaires, measured as a percentage of their wealth, decreased by 79 percent. In the last 30 years, U.S. billionaire wealth soared by over 1100 percent while median household wealth increased by barely five percent. In 1990, the total wealth held by America’s billionaire class was $240 billion; today that number stands at $2.95 trillion. Thus, America’s billionaires accrued more wealth in just the past three weeks than they made in total prior to 1980. As a result, just three people ­– Amazon CEO Jeff Bezos, Microsoft co-founder Bill Gates and Berkshire Hathaway’s Warren Buffet – own as much wealth as the bottom half of all U.S. households combined.Read More »

With Clinton at Helm, Democratic Party Again a ‘Plaything of the Super-Rich’

by Lauren McCauley, staff writer

Common Dreams | 03 August, 2016

Vice presidential candidate Sen. Tim Kaine waves with his presidential running mate Hillary Clinton after she introduced him during a campaign rally in Miami on July 23. (Photo: Scott Audette/ Reuters)
Vice presidential candidate Sen. Tim Kaine waves with his presidential running mate Hillary Clinton after she introduced him during a campaign rally in Miami on July 23. (Photo: Scott Audette/ Reuters)

It appears that nothing is holding her back now that Hillary Clinton has officially become the Democratic nominee for president. With “cash machine” Tim Kaine by her side, the Democratic ticket’s fundraising operation is in full swing, and the money—Big Money—is pouring in.

On Tuesday, the campaign announced a record take of $90 million last month for the candidate and the Democratic Party, not including that brought in by the Super PACs supporting her bid. Republican nominee Donald Trump raised a reported $80 million last month.

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How the Super-Rich Will Destroy Themselves

by Paul Buchheit

Common Dreams | 11 July, 2016

(Photo: Timothy Krause/cc/flickr)

Perhaps they believe that their underground survival bunkers with bullet-resistant doors and geothermal power and anti-chemical air filters and infrared surveillance devices and pepper spray detonators will sustain them for two or three generations.

Perhaps they feel immune from the killings in the streets, for they rarely venture into the streets anymore. They don’t care about the great masses of ordinary people, nor do they think they need us.

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