Tag Archives: Billionaires

‘$2.5 TRILLION THEFT’ – STUDY SHOWS RICHEST 1% OF AMERICANS HAVE TAKEN $50 TRILLION FROM BOTTOM 90% IN RECENT DECADES

  The median U.S. worker salary would be around twice as high today if wages kept pace with economic output since World War II, new research revealed. By Brett Wilkins Source: Common Dreams New research published Monday found that the top … Continue reading

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Global billionaire wealth tops $10 trillion as COVID-19 deaths mount

By Jacob Crosse Source: WSWS.org The collective wealth of the world’s 2,189 billionaires has risen to $10.2 trillion, an increase of nearly $1.3 trillion in the past three years, according to a new report by the Swiss bank UBS and … Continue reading

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How Billionaires Took Over Liberalism and Destroyed It

By Eric Zuesse Source: Strategic Culture Foundation They’ve done it via the ‘news’-media — their propaganda-operations. So, this is about how billionaires do that; how they’ve done it. Ever since at least the time of Thucydides in the 5th century BC, … Continue reading

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America’s Super-Rich See Their Wealth Rise by $282 Billion in Three Weeks of Pandemic

America’s billionaires have accrued more wealth in the past three weeks alone than they made in total prior to 1980. By Alan Macleod Source: Mint Press News A new report from the Institute for Policy Studies found that, while tens of millions … Continue reading

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Why Post-Coronavirus America Will Have Massive Poverty

By Eric Zuesse Source: Strategic Culture Foundation The way that Congress and the President structured America’s coronavirus bailout legislation, the protections that go to the super-wealthy start immediately, but the protections that go to the neediest — the soaring numbers … Continue reading

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Of Course Billionaires Shouldn’t Exist

By HipCrime Vocab There’s apparently a row over whether billionaires should exist. That is, whether or not billionaires should be a thing in our society. What a stupid question. Of course billionaires shouldn’t exist! But the reason has nothing to do with … Continue reading

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Billionaires are a Sign of Economic Failure

Inherited wealth and crony capitalism have created an aristocratic class that undermines social mobility and democracy By Max Lawson Source: Inequality.org The New York Times published an editorial comment on its front page in January 2019, provocatively entitled “abolish billionaires.” The … Continue reading

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Wealth Identity Politics: Billionaires Acting Like A Persecuted Minority Is Peak Capitalism

By Caitlin Johnstone Source: CaitlinJohnstone.com “I guess maybe Bernie Sanders shouldn’t exist,” said billionaire Steve Schwarzman while seated in a library building named after billionaire Steve Schwarzman and promoting a book with billionaire Steve Schwarzman’s face on it. According to Bloomberg … Continue reading

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