capitalism
Out of context: Reply #920
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- utopian1
The world's 10 richest men have made so much money during the pandemic that a one-time 99% tax on their gains could pay for all COVID-19 vaccine production and more.
"Billionaires have had a terrific pandemic. Central banks pumped trillions of dollars into financial markets to save the economy, yet much of that has ended up lining the pockets of billionaires riding a stock market boom," Oxfam International's executive director, Gabriela Bucher, said in a press release announcing the organisation's new report, "Inequality Kills."
Highlighting the vast wealth disparity that emerged during the Covid-19 pandemic, Oxfam noted that the wealth of the world's ten richest men more than doubled to $1.5 trillion from $700 billion between March 2020 and November 2021. That's at a rate of $15,000 a second or $1.3 billion a day, the charity said.
- So what? It's just outrage click-bait. No solutions, no understanding of economics or wealth or taxation for that matter.Morning_star
- There’s something to it. If you make billions a year at some point the idea of coughing it up for the greater good makes sense.monospaced
- Especially when they’re making it while everyone else is cashing $500 government checks and losing jobs and family members.monospaced
- Companies and individuals are different. Bezos isn't Amazon, Musk isn't The Boring Company, SpaceX or Tesla etc. Making these people cultural enemies is...Morning_star
- ...retarded. Calling for economic equity is also fucking stupid. It shows a monumental lack of understanding in the quest for 'clicks'. It wouldn't be so bad..Morning_star
- ...if this came from an ignorant blue haired culture warrior but it comes from the Busines Insider. Truth and honesty should...Morning_star
- ...prevail, but they don't. The cost of that will be far greater than rinsing billionaires for a few more bucks.Morning_star
- Sure, it's click-bait, but at the same time represents a real problem. The gov't needs to create a balanced system. As it is now, it's a pathetic joke.formed
- Further, they aren't talking about Tesla, etc., they are talking about the net worth of the wealthiest. THAT is the point.formed