This pandemic has done major damage to the working class…..they have seen the wages disappear and their livelihood shrink to nothing. In other words it has been devastating to the economy….well not so devastating for some…..some have made out like bandits without guns…..
- The collective fortunes of American billionaires grew an average of $42 billion during each week of the coronavirus pandemic, a new analysis by the Americans for Tax Fairness and the Institute for Policy Studies found.
- During the coronavirus crisis so far, which the think tank classifies as starting on March 18, billionaires’ fortunes grew by more than $700 billion.
- Despite the pandemic’s widespread financial fallout, the fortunes of many ultrawealthy people have continued to grow even as an unprecedented number of Americans filed for unemployment.
- Tech billionaires such as Amazon’s Jeff Bezos and Zoom’s Eric Yuan profited the most, according to research firm Wealth-X’s Billionaire Census.
How wonderful! I am so glad that billionaires keep making lots of cash while the rest of society suffers.
Time for society to fight back.
Time for these slackers to do their part for this society.
The time has come……period!
Have you been impressed with the Dems handling of the economic pandemic?
Re-think your “atta boys”…..
Some 25 million US workers are facing a reduction or outright elimination of a $600 weekly federal addition to state unemployment benefits when the supplemental payment authorized by Congress under the CARES Act expires on July 25.
In the midst of a raging pandemic and the worst economic crisis since the Great Depression, with at least 30 million out of work and new jobless claims surpassing one million a week, the supplement is all that has been keeping many families above water. Coinciding with the impending end of a federal moratorium on evictions and the expiration of state moratoriums, the cut in jobless pay will propel millions into destitution and homelessness.
One survey found that 37 percent of renters and 26 percent of homeowners feared they could be homeless by the end of the year. Researchers at Columbia University say they expect US homelessness to increase by 45 percent compared to 2019.
STOP! believing the hype that Dems are the friends of the working class….it is a CON!
A closing thought…..we know how much Trump hates China and has gone out of his way to sanction them, right?
If that is true why has he ordered about 8 tons of stuff?
President Donald Trump’s US properties imported more than eight tons of Chinese goods since September, according to a CNN analysis.
More than six tons of tables were shipped to Trump International Hotel in New York last fall and two tons of cabinets were delivered to Trump National Golf Club Los Angeles in May, CNN reported.
On the 2016 campaign trail and throughout his presidency, Trump has accused China of unfair trade practices and pledged to address the trade deficit between the two countries.
As part of his “America First” policy, Trump entered a months-long tariff war with Beijing and has pressured American companies to redirect their business within the U.S.
I Read, I Write, You Know
“lego ergo scribo”