Eat the Rich
The W$J, in an attempt to rally the masses to feel sorry for the Billionaire Tech Bros:
The 20 richest tech billionaires have collectively lost nearly half a trillion dollars this year amid the stock market’s sharp tumble, a loss of wealth that is more than the market values of all but seven companies in the S&P 500.
The world’s richest tech moguls — including Mark Zuckerberg, Bill Gates and Larry Ellison — have seen more than $480 billion in paper wealth disappear this year through Thursday, according to the Bloomberg Billionaires Index, a daily ranking of the richest people in the world. Disappointing earnings reports from a slew of tech giants this past week have stoked recession fears, pushed stock prices lower and weighed on the fortunes of the world’s wealthiest people.
…and they still have more money than Dawg.
That these people —all of whom think that they are the smartest person in any room— could lose that much wealth and still remain the 20 richest people tells you all you need to know about income inequality.