capitalism
capitalism
Out of context: Reply #693
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- utopian0
American billionaires could fund two-thirds of Biden's COVID-19 relief package just using profits generated during the pandemic, a report shows.
The total wealth of US billionaires rose $1.3 trillion amid the pandemic, the ATF and IPS said.
This could fund two-thirds of Biden's $1.9 trillion COVID-19 rescue plan.
The momentum for measures that address wealth inequality has grown during the pandemic.
- Utopian, why is this a problem?Morning_star
- Amazing how we let these corporations get this big without paying taxes. This will literally cost us the world soon.********
- Yeah utopian, why is grotesque wealth concentration in a year where half a million of your citizens died and unemployment tripled a problem?i_monk
- You some sorta commi?i_monk
- i_monk, how are the wealth concentration and the current health crisis connected?Morning_star
- A ton of reasons...unemployme... businesses failings, then the trillions that are going out to support (which has only done a little to slow bankruptcies)formed
- How can anyone, for a nanosecond, not be disgusted with the wealth divide, the number of high(est) earners and corps pay pennies in taxes?formed
- Disgusted? Why should i be disgusted? I'm more disgusted by people who proselytise from the sidelines because of ill-perceived fantasy injustice.Morning_star
- Why are you fighting for the billionaires? Do you imagine they'll see your fealty and whisk you away in their blimps?i_monk
- Poverty and evictions are not fantasies. Pandemic debt that'll be repaid with austerity for everyone but the rich is not fantasy.i_monk
- Small businesses forced to close while billionaire-owned big boxes are deemed essential is not a fantasy.i_monk
- Profiteering on a crisis is not a fantasy.i_monk
- The fantasy is that it is somehow the responsibility of the wealthy to solve a public health crisis cause largely by political clowns and an ignorant populace.Morning_star
- You said 'injustice fantasy' so that's what I replied to. And I wasn't talking about the health crisis, I was talking about the economic crisis it's spawned,i_monk
- which they've profited immensely from, which they won't pay for.i_monk
- And if you think politicians aren't under the sway of these billionaires and their empty promises, you're just as ignorant as the people you look down on,i_monk
- What's the difference between the independent burger restaurant that's taken advantage of the lockdown and is doing very well delivering delicious food and...Morning_star
- ...the lockdown increase in Amazon orders?Morning_star
- My point is that there are winners and losers across the business spectrum. There are billionaires that have lost their shirts because they weren't agile...Morning_star
- ...enough to restructure their investments or business offerings and there are small business who have had to close because they lost all their custom. The...Morning_star
- ...suggestion that Covid has uniquely benefited billionaires and so they should foot the bill for the vaccine is ridiculous.Morning_star