To change the pace of the news for today…..
Poverty has always been around but eh onset of the Covid-19 was accelerated the growth of worldwide poverty and yet the richest people gained massive amounts of cash during the pandemic.
Bloomberg‘s year-end report on the wealth of the world’s billionaires shows that the richest 500 people on the planet added $1.8 trillion to their combined wealth in 2020, accumulating a total net worth of $7.6 trillion.
The Bloomberg Billionaires Index recorded its largest annual gain in the list’s history last year, with a 31% increase in the wealth of the richest people.
The historic hoarding of wealth came as the world confronted the coronavirus pandemic and its corresponding economic crisis, which the United Nations last month warned is a “tipping point” set to send more than 207 million additional people into extreme poverty in the next decade—bringing the number of people living in extreme poverty to one billion by 2030.
Even in the richest country in the world, the United States, the rapidly widening gap between the richest and poorest people grew especially stark in 2020.
As Dan Price, an entrepreneur and advocate for fair wages, tweeted, the 500 richest people in the world amassed as much wealth in 2020 as “the poorest 165 million Americans have earned in their entire lives.”
This is an obscene stat to me…..and yet the masses of people still support the system that allows them to be little more than wage slaves…..
That is so pathetic….this country and the world deserve better….or do we?
I Read, I Write, You Know
“lego ergo scribo”