Skip to content
Advertisement

International

Heads we win, tails you lose: inequalities in US increasing

10:15

Heads we win, tails you lose: inequalities in US increasing
Source: Adobe Stock

In the US, the balance of coronavirus lockdown today is that 26 million Americans have lost their jobs, and 1 percent of the richest earned $308 billion

According to a new report from the Institute for Policy Studies, a progressive think tank, between March 18 and April 22, the wealth of American plutocrats increased by 10.5 percent.

After the recent recession, it took more than two years for the total wealth of billionaires to return to their 2007 levels.

Eight of these billionaires saw a net worth increase of over $ 1 billion (each, not in total). Among them is Amazon's boss, Jeff Bezos, and his ex-wife MacKenzie Bezos. Eric Yuan, the founder of Zoom, is also there. And former Microsoft boss Steve Ballmer and Elon Musk from Tesla and SpaceX got on the list.

To make it even more unfair, Fisher Island, an island off the coast of Miami, where the average income of residents is $ 2.2 million, and the beaches are made of imported Bahamian sand, received aid of $ 2 million. This month, the island purchased thousands of Covid-19 rapid blood test kits for all residents and employees.

The rest of Florida is struggling. About 1 percent of Florida residents have been tested for coronavirus when the average for the rest of the country is 4 percent.

(The Guardian)

More from International All