-Removed-No dive if you click on billionaire bonanza and then click on full report, go to page ten there are figures relating to the last few months.
Obviously you could argue with the interpretation or question the figures. But even the figures from 2008 to the present day are worth a look in terms of the broader long term picture.
@kevcvs57 saidWell first of all the link to the "full report":
No dive if you click on billionaire bonanza and then click on full report, go to page ten there are figures relating to the last few months.
Obviously you could argue with the interpretation or question the figures. But even the figures from 2008 to the present day are worth a look in terms of the broader long term picture.
https://ips-dc.org/wp-content/uploads/2020/04/Billionaire-Bonanza-2020.pdf
But i am with divegester on this one: There is no real source for the numbers, just a vague realtion to "Forbes".
What we would Need tis a method how These numbers are derived and the actual numbers itself other than (I Quote from the report):
"As a result, Musk’s wealth has recovered since mid-March after dipping $3.1 billion below
12
its level at the beginning of the year. This turnaround has added $8.1 billion to the Musk fortune in less than a month.
No source is given.
Actually I beleiev the billionaires as a set will be hit less hard than ordinary citizens or the most vulnerable ones. But the numbers can only be counted AFTER the dust will have settled.
@ponderable said“ Obviously you could argue with the interpretation or question the figures“
Well first of all the link to the "full report":
https://ips-dc.org/wp-content/uploads/2020/04/Billionaire-Bonanza-2020.pdf
But i am with divegester on this one: There is no real source for the numbers, just a vague realtion to "Forbes".
What we would Need tis a method how These numbers are derived and the actual numbers itself other than (I Quote from the report) ...[text shortened]... s or the most vulnerable ones. But the numbers can only be counted AFTER the dust will have settled.
😊
I like the figures, you and dive probably not so much.
Do you think the figures are being made up and how could we confirm either way.
@mchill saidWhy does this bother you (if it does)?
As the pandemic-fueled U.S. unemployment rate approaches 15 percent, America’s billionaire class is experiencing a wealth surge.
Between March 18th and April 23th, as more than 26 million U.S. workers lost their jobs, the combined wealth of America’s billionaires increased by $308 billion, a 10.5 percent increase. After a brief decline, the collective wealth of 614 U.S. b ...[text shortened]... mpanies-give-back-160-million-in-small-business-stimulus-money-others-say-theyll-keep-it-11587831790
Do you think that every dollar a billionaire makes comes out of your pocket?
@sh76 saidIt's actually worse than that, large income inequality is an inefficiency that reduces the overall utility generated in society. This is the main reason why the standard of living in the U.S. is so much lower than in the most prosperous societies.
Why does this bother you (if it does)?
Do you think that every dollar a billionaire makes comes out of your pocket?
-Removed-Well data is not designed to support emotions but it’s data. And it’s an emotional response to deny that billionaires like Bezos have made a shed load of money out of the crises, that’s not their fault but they have and it’s been at the expense of small shop keepers who may never get their customer base back.
I think mchill is specifically referring to trumps much vaunted economic miracle and offering a different perspective.
You can be emotional and make perfect sense, the Dibitetto rant was proof of that.
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-Removed-I take it you never read my post then just the usual emotional response. People will always post about scum bag billionaires when there is starvation level poverty. An internet Thatcherite trying to bully people into not doing it because you think it challenges your monetarist centric view of the world isn’t going to stop it so why bother puffing your chest out.