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Richest 1% own 90% of wealth: US Senator Sanders blasts global oligarchy

Richest 1% own 90% of wealth: US Senator Sanders blasts global oligarchy

Washington: US Senator Bernie Sanders, an independent from Vermont and a former presidential candidate exposes about the rapid movement toward global oligarchy, where just a handful of billionaires now own and control a significant part of the world economy.

The offshore tax evasion situation has become so absurd that one five-story office building in the Caymans is now the “home” of nearly 20,000 corporations — and that is just one of many tax havens operating across the globe.

He added that ‘American billionaires love the military and they love schools, but they don’t want to pay anything to maintain those institutions.

Siasat Web Team