Now why would a political party not help YOU out but will help large corporations and the rich? Let us look at who they represent because they might not be representing YOU. But they are representing a constituency. Who could that be?
First let us expose some financial terms.
HNWI stands for “High Net Worth Individual” and one must have 1 million in net worth to meet this requirement.
Ultra-HNMI are those individuals that have a net worth of 30 million or more.
HNWI stands for a small select group of people across the world and especially the United States that have collected wealth to an astonishing degree.
How much wealth is this in total?
(Following figures are world wide totals)
33.4 trillion in 2005
37.2 trillion in 2006
40.7 trillion in 2007
32.8 trillion in 2008
39 trillion in 2009
How many HNWI’s are there in the United States?
2.9 million. This is equal to 53.5% of the all the HNWIs in the world.
Using the US Debt Clock.org, the US debt is around 14 trillion. (This figure constantly changes.)
If we take 53.5% of the total world wealth which should equal the US ultra rich share, they poses 20 trillion or more than enough to totally pay off the whole national debt and have a pile of cash left over.
Why stop the recovery? The rich typically have their wealth in the stock market while the middle class has their wealth in their homes. The financial institutions got their recovery because of their institutional clout and incestuous relations with the federal government and the necessity to offer liquidity to the market place. That action benefited the rich because the stock market recovered. The federal actions thus serves the rich and powerful first. The second installment never cleared the gate because YOUR power is diffuse and more importantly the rich and corporations do not want to fund YOUR recovery, thus adding to the deficit. But, as you can see above, the rich can most easily pay for the deficit. The Republican Party allegedly represents the rich and they do not want their rich constituents taxes raised. The rich have allegedly taken control of the Republican Party and are using that party to game the system against YOU.