These 644 individuals retain $3.88 trillion in wealth, nearly double what the remainder of us—165 million Individuals—collectively have. U-S-A, U-S-A. Surprisingly, or not surprisingly in any respect, our financial system has “contracted” a world-beating 33% percent since last year. However in some way, these (principally) males of business have been in a position to horde increasingly wealth. Stunning in a not-really-shocking type of method.
The highest winners this pandemic have been Tesla CEO Elon Musk and Quicken Loans’ Dan Gilbert. However don’t you are worried, Amazon’s Jeff Bezos continues to be on prime, value someplace round $200 billion. In a aspect observe, the median month-to-month hire for a one-bedroom condo is about $1,216, and there are upwards of 35 million Americans facing evictions due to late hire.
$1,216 x 35,000,000 = $42,560,000,000.
These 644 billionaires may give that internet value again, pay for nearly two years value of hire … and nonetheless be billionaires. Contemplating that there are someplace round 43 million Americans renting, and contemplating how a lot cash individuals and their household should spend on primary housing, it’s obscene that individuals like Jeff Bezos and Elon Musk are allowed to horde the sum of money they horde.