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Monday, May 11th, 2020

Billionaires Are Social Distancing in Super Yachts as Tens of Millions Lose Jobs

Author:     Gin Armstrong & Derek Seidman
Source:     truthout
Publication Date:     May 9, 2020
 Link: Billionaires Are Social Distancing in Super Yachts as Tens of Millions Lose Jobs
Stephan:   Here is another take on wealth inequality. When a society gets to this level of distortion social violence happens. History gives example after example. Read your French history, Russian history, Romanian history, or go back to Rome  The Coronavirus epidemic, and the incompetence of the Trump federal government has brought the usually almost invisible world of the ultra-wealthy into focus, as this article describes.  
A yacht is seen behind a police tape in the Marmaris district of Mugla, Turkey, on April 18, 2020.
Sabri Kesen / Anadolu Agency / Getty

Everyday, it becomes clearer: the COVID-19 pandemic is hitting poor, working, and marginalized communities the hardest.

Millions of workers – especially low-wage retail, food service, hospitality, and care workers – have faced the terrible choice daily between going to work and risking their health, or staying home and risking their paychecks. Many other workers don’t even have that choice, with around 30 million people in the US filing for unemployment in the past six weeks.

But billionaires don’t face these same problems. As tens of millions have lost their jobs over the past two months, billionaire wealth soared by a whopping $282 billion between March 18 and April 10, according to a new study from the Institute for Policy Studies. And while finding enough space to wait out the pandemic is something many struggle with, billionaires have been escaping to their second (or third, or fourth) homes to ride it out in luxury – all while they […]

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1 Comment

  1. Rev. Dean on Monday, May 11, 2020 at 8:45 am

    All the time we spend worrying about the virus, Trump is doing bad things right under the radar like trying to eliminate the Postal Service or at least make it a privately owned system in which the rich can become richer by raising the postal rate. We must stop him!