Richie Rich Gets Richer

Richie Rich Gets Richer

Short Documentary: As countries like Greece and Spain struggle under massive debts that are impoverishing its people, the financial elite around the world are getting richer and richer. This report explores the ever-widening gap.  “There are customers that have up to 100 vehicles in their garage”, Torsten Muller-Otvos from Rolls Royce tells us. Each one costs around half a million Euros and yet last year Rolls Royce sold more cars than ever before in their 100-year history. Since 2009 the rich have become on average 6% wealthier around the world. So while one in six Americans now has no health insurance, Manhattan’s 58 billionaires have made more profit. In Switzerland, tax packages and bank secrecy have made it a haven for the super-rich. Ingvar Kamprad, owner of Ikea, “is worth 50 billion francs, but only pays 200,000 francs of tax a year. Yet he makes 90 million every single day.” Despite their massive income the super-rich aren’t too happy about the idea of their tax loopholes being closed. In their minds they contribute to the state, even if its not through taxes.“I know a lot of rich friends who have charities.They do give back to the community.” But as the Western world struggles through a financial crisis, the parallel world of the globe-trotting elite continues to escalate and according to all forecasts, the gap between the financial top and bottom is only going to get bigger.

Added on: September 25th, 2012

Category: DOCS, MONEY, MONEY

 
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