The world’s super-rich had between $21 trillion and $32 trillion of wealth hidden in tax havens by the end of 2010. This astounding figure is larger than the combined wealth of the United States and Japan, and up to $280 billion in lost tax revenues. The global elites involved in this massive tax fraud are less than 10 million people, or just 0.14% of the global population. A perfect example of the criminal nature of capitalism as poverty and inequality explodes across the world.
There were 45 million people living in poverty in the US in 2013. The number of poor people in the world’s wealthiest capitalist country is now at its highest levels in the 52 years since poverty statistics were first published. The vast majority of low-income Americans are surviving on food stamps. In contrast, US military spending for 2016 will be $786.6 billion. The American ruling class prefers to waste billions on fighting their brutal wars and ignore growing poverty and hunger in the States.
Half the world’s population, three billion people, is existing on less than $2.50 a day. The UN Food and Agriculture Organization estimates about 805 million people, or one in nine on the planet, were suffering from chronic hunger between 2012 and 2014. Children are the main victims. The total number of children that die due to poverty, and illnesses caused by malnutrition, is 22,000 every day. That’s 7.7 million children dying needlessly each year while the rich hoard obscene wealth. Capitalism is a genocidal killer.