Friday, September 18, 2020

Updates: Billionaire Wealth, U.S. Job Losses and Pandemic Profiteers

 "The stock market in which billionaires have much of their money invested dropped sharply in the month before the pandemic lockdown. But the six months of gains that followed were not merely a reversal of those losses: billionaires are also $680 billion, or 22%, richer today than they were in February 2019, the release date of the most recent previous Forbes annual report (see table below)."

https://inequality.org/billionaire-bonanza-2020-updates/

Is being a billionaire ethical? At a minimum they should be heavily taxed.

Wednesday, September 2, 2020