Citizen Action Monitor

The super-rich get super-richer, the super-poor get left behind — VIDEO

“We were told the super-rich would make us richer too, so why hasn’t that happened?”

No 1461 Posted by fw, September 27, 2015

“In programme one of this two-part series, Jacques Peretti looks at how the super-rich first exploited an obscure legal loophole to make Britain one of the most attractive tax havens on earth. He argues this was no accident. Wooing the super-rich was a deliberate strategy by government to reconfigure the British economy, under the belief their wealth would trickle down to the rest of us. But it didn’t. The OECD now says the British economy would have been 20 per cent bigger had we not pursued the super-rich. So who sold us the fallacy and why?”Jacques Peretti

Jacques Peretti, London-born documentary film-maker, and reportedly well-off himself, takes the viewer on a fascinating tour of the playgrounds and play-things of the super-rich. He manages to get up close and personal with these pleasure-seekers to find out how they make and spend their billions. Along the way he  traces the history of the neoliberal government policies that facilitated this explosion of obscene greed. Watch how these undeserving idle billionaires justify entitlement to their riches. Could it be that their lives are as shallow as they appear to be?

Peretti visits the displaced, those struggling to make ends meet, showing clips of violent and non-violent populist protests demanding an end to austerity and inequality. Among the ranks of the super-rich, there are some who candidly admit that this grotesque upward redistribution of wealth to the 1 percent is unsustainable. They foresee an inevitable day of reckoning, a violent revolution in the making if this unfair and unregulated system is allowed to continue unabated.

Don’t miss the SEE ALSO reference at the bottom linking to a new study of the devastating poverty in America.

Click on the following linked title to access the 57:26-minute video and accompanying text. Alternatively, below, the video is embedded, followed by a short introductory text.

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The Super Rich And Us — Season 1 Episode 1 Directed and narrated by Jacques Peretti, Published by Documentary 1080, June 18, 2015

Britain has more billionaires per head than any other country on earth, yet we’re also the most unequal nation in Europe. We were told the super-rich would make us richer too, so why hasn’t that happened, and what does the arrival of their astronomical wealth really mean for the rest of us?

In programme one of this two-part series, Jacques Peretti looks at how the super-rich first exploited an obscure legal loophole to make Britain one of the most attractive tax havens on earth. He argues this was no accident. Wooing the super-rich was a deliberate strategy by government to reconfigure the British economy, under the belief their wealth would trickle down to the rest of us. But it didn’t. The OECD now says the British economy would have been 20 per cent bigger had we not pursued the super-rich. So who sold us the fallacy and why?

Jacques meets the super-rich themselves – from those buying premiership football clubs to the billionaires who are breaking ranks to criticize the decisions that made them richer and society more unequal.

Jacques challenges the architects of these policies, as well as tracking down the foreign multimillionaires who are buying up Britain and turning us from a nation of property owners to a nation of renters.

He uncovers new research that shows growing inequality has been driven by this key factor of unaffordable property, and the far-reaching effect this will have on every aspect of our lives. Inequality is reshaping Britain into two simple classes: the 99 per cent and the one per cent. This is the story of how it happened and what it means for all of us.

SEE ALSO

1.5 Million American Families Live on $2 a Day — How the Poorest Get By by Marcus Harrison Green, Yes Magazine, September 24, 2010 – accounts of devastating poverty in America documented in sociology professors Kathryn J. Edin and H. Luke Shaefer’s book, $2.00 a Day: Living on Almost Nothing in America.

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This entry was posted on September 27, 2015 by in evidence based counterpower and tagged , .
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