Eat the Rich
Congrats to American billionaires, who have raked in $434 billion during the lockdown:
America’s billionaires saw their fortunes soar by $434 billion during the U.S. lockdown between mid-March and mid-May, according to a new report.
Amazon’s Jeff Bezos and Facebook’s Mark Zuckerberg had the biggest gains, with Bezos adding $34.6 billion to his wealth and Zuckerberg adding $25 billion, according to the report from Americans for Tax Fairness and the Institute for Policy Studies’ Program for Inequality. The report is based on Forbes data for America’s more than 600 billionaires between March 18, when most states were in lockdown, and May 19.
How do they do it? Oh, you know, the usual way: on the backs of the poor.
So given the incredible structural income inequality AND the fall-out from the Trump-Virus, we can be assured that our overlords are working overtime to ensure that we serfs get a few crumbs that fall from the table, amirite?
Amply be-chinned #MoscowMitch McConnell vowed to House Republicans that the $600 weekly boost in unemployment benefits will not be extended, and that his top priority is still liability protections for companies.
Mitch McConnell promised House Republicans on Wednesday that the beefed up unemployment benefits enacted earlier this spring “will not be in the next bill.”
…And he said the $600 weekly boost in unemployment benefits won’t continue — a vow he hadn’t previously made.
McConnell warned against trial lawyer “vultures” ready to file lawsuits and said Republicans are “going to have to clean up the Democrats’ crazy policy that is paying people more to remain unemployed than they would earn if they went back to work,” McConnell said.
Who’s hiring, Mitch? 2.4 million more Americans filed for unemployment benefits in the last week, bringing the total number of first-time unemployment claims over the past nine weeks to 38.6 million, and it probably is an undercount because gig workers do not get counted the same way.
We gotta get this MoEff’er out of office.