Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Corporate 1% in U.S. Gets Wealthier While Cash Piles Up

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Lorraine Woellert 
Bloomberg
August 9, 2014

Income inequality has company — make that companies. A new wealth gap is opening among U.S. corporations, where cash holdings are growing more concentrated as the rich get richer.

Eighteen American businesses held 36 percent of corporate wealth in 2013, up from 27 percent in 2009, according to a report from Standard & Poor’s, a credit rating firm in New York. The bottom 80 percent have lost ground, with just 11 percent.

The top 1 percent is a Who’s Who of multinationals, including Microsoft Corp., Google Inc., Coca-Cola Co.,Apple Inc. and Ford Motor Co., that reap a big share of profits from non-U.S. sales. Because tax law discourages moving that money back to the U.S., cash is piling up abroad and companies are taking novel steps to adapt, including borrowing against those assets to finance operations at home.

“Unlike individuals, corporations don’t want to be in that top 1 percent,” said analyst Andrew Chang, lead author of the S&P report. “This rising cash balance among the richest is tax-policy driven.”

Full article here

This article was posted: Saturday, August 9, 2014 at 5:37 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
Huge Victory Against Monsanto Revealed See the rest on the Alex Jones YouTube channel.

NSA Insider Reveals Shocking Ebola News See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.