The wealthiest 3 billionaires in the U.S. –Jeff Bezos, Bill Gates and Warren Buffett — now have as much wealth as the bottom half of the U.S. population combined.
Since 1982, these three families have seen their wealth increase nearly 6,000 percent, factoring in inflation. Meanwhile, the median household wealth went down 3 percent over the same period.
The dynastic wealth of the Walton family grew from $690 million in 1982 (or $1.81 billion in 2018 dollars) to $169.7 billion in 2018, a mind-numbing increase of 9,257 percent.
Barcelona is an extreme case, but certainly the law needs to catch up so Airbnb doesn’t price locals out of their community
“Greetings from the 1%,” Disney begins the video. “[W]e in the 1% got a great Christmas present last year,” she says, “I don’t know if you remember—it was called a very big tax break.”
“I didn’t need it,” Disney continues, “but the Republicans gave it to me anyway. And I hear [that] if the Republicans do well in these midterms, they want to give me another one; an even bigger one, in fact.”
Depending on who you ask, class is a major barrier to social mobility — or it scarcely exists. Drive around Melbourne for a day and those conflicting views come to the fore.
Here lies the Real News one needs to ask why our Government is in the business of selling Fake News ( OD)
And it’s true that it sometimes happens. Sometimes a child born into poverty grows up to become the president of the United States, a multi-billionaire, or an Olympic gold medalist.Most of the time, however, they don’t. And it’s not because they’re bad, lazy, stupid, or immoral. Often it’s because of our system itself.