Showing posts with label billionaires. Show all posts
Showing posts with label billionaires. Show all posts

Friday, March 22, 2024

USA overwhelms China for most millionaires and billionaires, but 13,500 wealthy Chicoms fled China in 2023


The U.S. is the top country for millionaires and billionaires :

The U.S. has rapidly overwhelmed China as the world’s top spot for millionaires and billionaires, according a new report.  

There are now more than 5.5 million Americans with liquid investible assets of more than $1 million, up 62% over the past decade and well above the global growth rate of 38%, according to the 2024 USA Wealth Report from Henley & Partners and New World Wealth.

Over the past five years, the population of millionaires in the U.S. has grown 35%, nearly twice as fast as China’s. The U.S. is now home to 37% of the world’s millionaires, up from 35% in 2018.

The divergence grows even more at the top of the wealth ladder. The U.S. has 9,850 centi-millionaires — those worth $100 million or more — compared with China’s 2,352. The U.S. has about 788 billionaires to China’s 305.

“The USA remains the world’s undisputed leader in private wealth creation and accumulation,” according to the report.

Dominic Volek, group head of private clients at Henley, said the strict Covid lockdowns in China coupled with increases in its government intervention in the private sector have slowed the growth in wealth creation.

“China has certainly slowed a lot due to these elements and the U.S. has benefited,” he said.

The shift from China to the U.S. is also reflected in wealth migration patterns. A net 13,500 Chinese millionaires left China in 2023, marking a new record. The U.S. had a net inflow of 2,200 millionaires in 2023 and a projected inflow of 3,500 in 2024, according to the Henley report.

Wednesday, September 29, 2021

Hey, just like the CDC!

 YouTube is again changing policies that it has held onto for months.

Seriously, this story (WaPo: "YouTube is banning prominent anti-vaccine activists and blocking all anti-vaccine content") is the most contemptible story I've read in weeks:

Some anti-vaccine influencers, including Mercola, also sell natural health products, giving them a financial incentive to promote skepticism of mainstream medicine.

AS IF THERE IS NO FINANCIAL INCENTIVE TO PROMOTE VACCINES WHICH HAVE CREATED AT LEAST NINE NEW BIG PHARMA BILLIONAIRES IN THE LAST YEAR.

HA HA HA HA HA!

We're all a bunch of nuts who must be grouped under one umbrella, you see:

The anti-vaccine movement now also incorporates groups as diverse as conspiracy theorists who believe former president Donald Trump is still the rightful president, and some wellness influencers who see the vaccines as unnatural substances that will poison human bodies.

WHEN DO THE CAMPS OPEN? CAN I MAKE A RESERVATION? WILL MY GAS MASK BE CONFISCATED?

The Johnson and Johnson vaccine rollout, which was linked to a bunch of blood-clotting incidents, did more damage to the C19 vaccine cause than anything said by 12, TWELVE!, YouTubers who are now being banned. US vaccinations per million of population peaked around April 13th when J&J was paused, BY THE CDC!, and rapidly declined, never to recover, marking the height of enthusiasm for the shots.

Look in the mirror you WARP SPEED fools.

 


 

 

Wednesday, August 25, 2021

Laugh of the Day: Peter Meijer, MI-03, the Republican version of drama queen AOC, pulls stunt and flies into Kabul

Peter Meijer, billionaire scion, West Point drop out, & leader of an aimless, mediocre life, is a drama queen who desperately wants to cover himself with the patina of the brave soldier in extreme circumstances one last time before it's all over. Just like Jan 6.


 

Monday, July 26, 2021

You idiots who attend the Vaccine Church have just helped mint 9 new pharma-billionaires

Pandemic sweeps the nation.

Fascist America under Trump mobilizes pharmaceutical industry to rush vaccines into development, investing billions of dollars in the efforts.

Industry resurrects a discredited drug delivery mechanism and calls it a vaccine. Smelling $$$, it prepares for mass vaccination but doesn't run trials proportionate to that effort, and then cuts off the placebo arm prematurely, making a complete hash of it.

Government gives Emergency Use Authorization, not FDA Approval, to permit these corporations to experiment on the US population during an "emergency".

The corporations, and the government, are exempted from liability.

A fearful population whipped into a hysteria by propaganda paid for with borrowed dollars lines up like sheep to take the vaccine under a new administration but the same old fascism.

Presto! 9 new billionaires:

The 9 new vaccine billionaires, in order of their net worth are: 

  1. Stéphane Bancel, Moderna’s CEO (worth $4.3 billion)
  2. Ugur Sahin, CEO and co-founder of BioNTech (worth $4 billion)
  3. Timothy Springer, an immunologist and founding investor of Moderna (worth $2.2bn)
  4. Noubar Afeyan, Moderna’s Chairman (worth $1.9 billion)
  5. Juan Lopez-Belmonte, Chairman of ROVI, a company with a deal to manufacture and package the Moderna vaccine (worth $1.8 billion)
  6. Robert Langer, a scientist and founding investor in Moderna (worth $1.6 billion)
  7. Zhu Tao, co-founder and chief scientific officer at CanSino Biologics (worth $1.3 billion)
  8. Qiu Dongxu, co-founder and senior vice president at CanSino Biologics (worth $1.2)
  9. Mao Huihua, also co-founder and senior vice president at CanSino Biologics (worth $1 billion)



The 8 vaccine billionaires who saw their wealth increase are:
Name Role/description $ billions 2021 $ billions 2020
Jiang Rensheng & family Chair, Zhifei Biological products $ 24.40 $ 7.60
Cyrus Poonawalla Founder, Serum Institute of India $ 12.70 $ 8.20
Tse Ping Sinopharm $ 8.90 $ 7.30
Wu Guanjiang Co-founder, Zhifei Biological products $ 5.10 $ 1.80
Thomas Struengmann & family Portfolio includes Germany's BioNTech and Uruguay's Mega Pharma $ 11.00 $ 9.60
Andreas Struengmann & family Portfolio includes Germany's BioNTech and Uruguay's Mega Pharma $ 11.00 $ 9.60
Pankaj Patel Controls listed company Cadila Healthcare. The company now manufactures drugs to treat Covid-19 such as Remdesivir from Gilead. Its Covid-19 vaccine, ZyCoV-D, is undergoing clinical trials. $ 5.00 $ 2.90
Patrick Soon-ShiongImmunityBio - selected for the US federal government's "Operation Warp Speed" to help quickly develop a Covid-19 vaccine.$ 7.50$ 6.40






























Wednesday, May 26, 2021

That lunatic billionaire Ronald Unz not only thinks America developed COVID-19 as a bioweapon, but released it in Wuhan

 


 He also believes the China data:

(6) Unfortunately for these plans, the Chinese government reacted with astonishing determination and effectiveness, and soon stamped out the disease. Meanwhile, the lackadaisical and incompetent American government largely ignored the problem, only reacting after the massive outbreak in Northern Italy had gotten media attention. Since the CDC had botched production of a testing kit, we had no means of recognizing that the disease was already spreading in our country, and the result was massive damage to America’s economy and society. In effect, America suffered exactly the fate that had originally been intended for its Chinese rival.

Sunday, May 9, 2021

Good a day as any to remember that Alan Greenspan in 2007 explicitly advocated for immigration to suppress the wages of skilled laborers

Greenspan: Let more skilled immigrants in :

"Our skilled wages are higher than anywhere in the world," he said. "If we open up a significant window for skilled workers, that would suppress the skilled-wage level and end the concentration of income."

Yeah, the problem isn't millionaires and billionaires concentrating wealth in their hands, it's the goddamn skilled laborers who must be stopped, the engineers, scientists, doctors and teachers, the crane operators, CDL truck drivers, machinists, drafters, plumbers, craftsmen, cooks and accountants.

 

Tuesday, July 21, 2020

Somebody's pretty worried Peter Meijer needs help to win in MI-3 over Lynn Afendoulis

Fix Congress Now!, 1580 Lincoln Street, Suite 520, Denver, CO 80203, has sent a mailer to Michigan voters claiming Lynn Afendoulis got rich as an executive of a company which laid off Michigan workers, apparently in 2011. Or was it 2008?

It says "Michigan got screwed by Lynn Afendoulis".

Quite the hatchet job. I'm sure as an executive she made all those decisions to fire the workers and to enrich herself, herself, right?

Anyway, GREAT BIG SCREW on the cover drilling down into Grand Rapids. Unflattering photo of Lynn on the other side. Classic low brow stuff.

Billionaire kid Peter Meijer, who has nothing to do with this whatsoever, no, no way, needs this kind of help to get elected?

Just my opinion, but the guy's not much of a muchness. Otherwise we wouldn't be seeing this. Seems like kind of an admission that his unimpressive record in life so far is just that.

But, he's just the sort of person who will fit right in up there in DC, yes sir!

Nice to know someone in Colorado is working so hard to interfere in Michigan's primary election and elect Peter Meijer.


Thursday, February 20, 2020

The best thing about Bloomberg's debate appearance is the highly edited cringe video of it he produced but which everyone he trolled with it is calling fake

Video.

How easily Bloomberg has skewered the liberal fundamentalists, which is why he's the billionaire.


Thursday, April 11, 2019

Sunday, February 17, 2019

Peggy Noonan is blind about conservatism

Republicans Need to Save Capitalism:

I’ll go whole hog here. We need a cleaned-up capitalism, not a weary, sighing, acceptance-of-man’s-fallen-nature capitalism.

Weary sighing acceptance? Try the eager jubilant over being given free reign to exploit man's fallen nature capitalism.

Reagan "conservatives" preached that the Reagan tax cuts and free-trade would usher in a period of investment at home, in a word, that if you just let people have more of their own money they'd know what to do with it and they would do the right thing.

They didn't.

"Conservatives" exported our jobs and invested abroad, creating middle classes in poor countries where there were none before, at the expense of the middle class at home. They drove the opening to China, enriched it and created a monster which now robs us blind and threatens world peace. The libertarians have sold China the rope the communists hope to hang us with.

If Republicans and conservatives had properly understood human nature they wouldn't have made this mistake. The doctrinaire among them showed themselves to be liberals, not conservatives, possessed of a foolish optimism based on the idea that people are basically good. They are not. People do what's best for number one, as they always have. Screw thy neighbor, and thy country if necessary. Are we not a nation of immigrants?

Only conservatism with its roots in the transcendent moral order has been able to curb this false individualism and mistaken enthusiasm. Both were routinely attacked in church in former days, but nobody seems to go there anymore, and when they do go the preacher turns out to have joined the wrong side.

The "conservative" rubes out there still believe this stupid myth of libertarianism, while the billionaire class of both parties which got rich off it only hopes they continue to do so.

They care about nothing but themselves and their right to privacy, the penumbra of our collective deviancy.

Tuesday, February 12, 2019

Traitors to the middle class: Kamala Harris, Mike Lee, Zoe Lofgren, Ken Buck, and of course the Koch Bros.


A plan known as the Fairness for High-Skilled Immigrants Act introduced in the Senate by Sen. Mike Lee (R-UT) and Sen. Kamala Harris (D-CA), as well as Rep. Zoe Lofgren (D-CA) and Rep. Ken Buck (R-CO), would eliminate the U.S. country caps in the legal immigration system that would fast track outsourcing of white-collar American jobs to mostly Indian and Chinese nationals imported to the country by businesses, outsourcing firms, and multinational corporations.

Monday, November 26, 2018

China's richest man outed as Communist Party member after pre-mature resignation announcement

Like these are unrelated developments, or surprising after the rise of Xi Jinping Pooh.

No one makes Jack Ma kind of money in China without the blessing of the Communist Party. And no one stops making Jack Ma kind of money without the urging of the Communist Party.

People do very well indeed under "communism".


Jack Ma, the head of e-commerce giant Alibaba Group is a Communist Party member, the official Party newspaper said on Monday, debunking a public assumption the billionaire was politically unattached.

The People's Daily revealed Ma's Party membership in a list of 100 people it said had helped drive the country "reform and opening up" process. Ma is China's richest man with a fortune of $35.8 billion, according to Forbes.


Saturday, October 27, 2018

Lesson of the Florida "bomber": They don't "x-ray" the mail at any point in the system to keep bombs out

Rush Limbaugh confidently misinformed millions of his listeners this week that the USPS scans suspicious packages in order to intercept them and keep them away from the public.

For his part, radio personality Michael Savage laughably spent most of the week wondering how all these "bombs" could be "hand-delivered" all over the place supposedly without entering the postal system, because he believed fake news to that effect. It must have been a conspiracy! The van was too clean after all that driving up and down the east coast and to California and back! The stickers on the windows were too recently affixed because they weren't yet faded!

What we learned once again, however, was that the USPS only isolates suspicious packages for scanning by outside authorities. The cost of installing such scanners in every postal sorting facility would cost billions of dollars the already bankrupt USPS doesn't have. In this instance, the USPS was alerted to the package M/O by the outside authorities after the fact, after some of the "bombs" had already been delivered. The USPS was told what to look for, not the other way around. 

This affair exposes the fact that the entire USPS system remains vulnerable to penetration by serious terrorists at any time, and that a person who really intended to harm others, say with bombs, could do so as long as the intended target isn't too famous. That's why the more serious threats are the poisoners, who can still reach their intended famous targets occasionally with letters, such as Vanessa Trump. The contents of mail are not "scanned", only the fronts and backs are imaged and the images stored. That's how the authorities, once alerted to the problem in Florida, "were reviewing mail streams in and out of Florida, attempting to pinpoint locations where the parcels may have originated", as reported in the USA Today story linked below.

A real bomber in this instance would have rigged his packages to blow up as they are opened by the designated target, as when a box lid lifted on its hinge triggers a circuit with a detonator. Of course, the difficulty of getting such a package into the actual hands of famous persons with staff protecting them from such an eventuality is a thought which cannot have escaped the mind of Cesar Sayoc.

A real bomber does not stuff active devices into padded envelope mailers as Sayoc did, where they could blow-up indiscriminately under normal, rough handling, including in his own hands. A real bomber does not leave finger prints behind on his mail bombs, especially if his fingerprints are already in the crime reporting system due to many prior arrests and convictions.

It's almost as if poor Cesar Sayoc, aged 56, suddenly homeless and forced to live in his van, intended to get caught so that he could finally escape all his problems and finally get a roof over his head and three square meals a day for the rest of his life after so many years of struggling with poverty.

CNN reported here:

Bomb suspect Cesar Sayoc had been kicked out by his parents, so he has living in the van that we have seen in pictures today, according to a law enforcement official. ... Sayoc was initially somewhat cooperative, the official said. He told investigators that the pipe bombs wouldn’t have hurt anyone and that he didn’t want to hurt anyone. 


USA Today reports here:

The total number of bombs reached at least 14 Friday after more suspicious packages were recovered: one in Florida addressed to New Jersey Sen. Cory Booker, another in New York addressed to former Director of National Intelligence James Clapper, a device recovered at Sen. Kamala Harris’ office in Sacramento, California, and another package that was intercepted at a mail facility in Burlingame, California, addressed to billionaire Tom Steyer.

Harris’ office says it was informed that the package was identified at a Sacramento mail facility. The FBI responded to the facility in a South Sacramento neighborhood that’s been blocked off by caution tape.

A package addressed to Clapper was recovered at a Manhattan postal facility. Like some of the previous packages, the one found in New York City on Friday had the office of Florida Democratic Rep. Debbie Wasserman Schultz as the return address, a photo obtained by CBS News showed. ...

The suspicious package intended for Clapper was spotted by a postal worker at the Radio City Station facility at around 8:15 a.m. The employee contacted U.S. Postal Inspection Service, and they contacted the NYPD and FBI.

NYPD Bomb Squad officers scanned the package and saw what appeared to be a pipe bomb, NYPD Deputy Commissioner for Intelligence and Counterterrorism John Miller said at a Manhattan news conference.

Saturday, September 1, 2018

Tucker Carlson says there's nothing free about this market, falls short of calling it an expression of global fascism

But who knows, maybe his forthcoming book connects the dots between the multinational corporations and their revolving door governments, and the central banking system which mediates the operation.


TUCKER CARLSON, FOX NEWS: 

Jeff Bezos, the founder of Amazon, is worth about $150 billion. That’s enough to make him the richest man in the world, by far, and possibly the richest person in human history. It’s certainly enough to pay his employees well. But he doesn’t. A huge number of Amazon workers are so poorly paid, they qualify for federal welfare benefits. According to data from the nonprofit group New Food Economy, nearly one in three Amazon employees in Arizona, for example, was on food stamps last year. Jeff Bezos isn’t paying his workers enough to eat, so you made up the difference with your tax dollars. Next time you see Bezos, make sure he says thank you.

Same with the Waltons. The Walton family founded Walmart. Collectively they’re worth about $175 billion. That’s more than the entire gross domestic product of Qatar, the oil-rich Gulf state. The Waltons could certainly afford to be generous with their workers. Instead, they count on you to take up the slack. In 2013, taxpayers sent more than $6 billion to Walmart’s workers, for food stamps, Medicaid, and housing assistance.

And if you think that’s shocking, meet Travis Kalanick. He’s the youthful founder of Uber. His personal fortune is close to $5 billion. His drivers, by contrast, often make less than minimum wage. One recent study showed that many Uber drivers lose money working for the company. That’s not a sustainable business model. The only reason it continues is because of your generosity. Because you’re paying the welfare benefits for Uber’s impoverished drivers, child billionaires like Travis get to keep buying bigger houses and more airplanes. He’s someone else who definitely owes you a thank you note.

If you can think of a less fair system than that, send us an email. We’d love to hear it. It’s indefensible. Yet almost nobody ever complains about it. How come? Conservatives, like us, support the free market, and for good reason. Free markets work. But there’s nothing free about this market. A lot of these companies operate as monopolies. They hate markets. They use government regulation to crush competition. There’s nothing conservative about that, just as there’s nothing conservative about most big corporations. Just the opposite. They’re the backbone of the left. Pick a leftwing cause that you think is hurting the country. Check the donor list, and you’ll find the name of some corporation. Often many corporations. Corporate America enables the progressive lunacy you see every night on this show. They’re funding the revolution now in progress.

That’s why liberals say nothing as oligarchs amass billions by soaking the middle class. Because they’ve been paid off. For example, you probably assumed the people who founded Walmart were conservative. Most of their customers certainly are. Yet the bulk of the Walton family backed Hillary Clinton in the last election. They gave the Democratic Party more than $700,000 during the 2016 cycle. Almost every billionaire in Silicon Valley did the same. In return, they got immunity from criticism, and you got to keep paying their employees. Not a bad deal for them.

There is one person in Washington who’s offended by this arrangement, and we’re sorry to say he’s wrong on pretty much everything else. But this is a weird moment, so you take allies where you can find them. Bernie Sanders, of all people, is trying to get your money back from Jeff Bezos. This is especially amazing since Bezos is on Bernie’s side on most things. They’re both leftwing activists. But on this question, Bernie’s right. He’s planning legislation that would force big corporations to return the taxpayer-funded welfare benefits you’ve paid to their workers. It’s not a perfect solution, and it probably won’t pass. No matter what they claim in public, liberals in Congress would never support something like that. Their loyalty isn’t to you. It’s to Uber and Jeff Bezos. But at the very least it might awaken a sleepy population to the new reality of activist corporate America. And that’s a good thing.

America has changed enormously in the last 20 years. A lot of people you thought were your allies are in fact working against your interests. They have contempt for you and your family, your customs and your faith. Included in this group, I’m sorry to say, are a lot of big corporations. They have no use for you or the country you grew up in. Stand in their way, and they’ll crush you. It’s all shocking enough that I recently wrote a book about it. It’s called “Ship of Fools,” and it explains what happened and who did it. The book is out in a month, the first week of October, but you can preorder a copy now, and I hope you will.