US Billionaires Have Increased Their Riches By $1 Trillion During the Pandemic Reply

Once again, the new robber barons.

By Meagan Day, Jacobin

A trillion dollars could maintain wages at pre-crisis levels for all workers in America, enabling people to stay home and stop the spread of the virus, for four months. Instead, it’s gone into the personal piggy banks of a handful of billionaire owners and investors.

The economic crisis brought on by COVID-19 could have been averted. The Right thinks it could have been done by denying the reality of the virus altogether, reopening everything with no precautions, and sending the death toll skyrocketing. That’s inhumane and indefensible. But the economic crisis could have been averted another way: by using public money to pay people to stay home and to prevent layoffs.

READ MORE

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s